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Budget 2010 - Analysis of Major Tax Changes |
| 23 February 2010 |
| View Update |
| The Minister for Finance, Mr Tharman Shanmugaratnam, delivered the Budget Statement for the Financial Year 2010 (“Budget 2010”) on 22 February 2010. |
| Budget 2010 seeks to look beyond the present improvement in the economy and focuses on building up Singapore’s capabilities for a “phase shift” in the Singapore economy over the next decade, with a key goal being to grow the productivity of the Singapore workforce by 2% to 3% per year over the next decade and raise real incomes by one-third in 10 years. This will allow Singapore to maintain an economic growth rate of 3% to 5% a year. |
| Budget 2010 represents a major investment by the Government for the future and contains a number of important tax changes which are generally targeted more at small and medium enterprises. |
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