Too early to say how it will affect the island-republic.
SINGAPORE: It is too early to say how the global corporate tax rule changes proposed by the Group of Seven (G-7) will impact Singapore, but the republic’s overall competitiveness has never been based on taxation alone, finance minister Lawrence Wong said.
In a Facebook post, Wong also said that Singapore will change its corporate tax system after a global consensus is reached on the new international rules. Any tax changes would be in close consultation with businesses and tax professionals here, he added.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
