Singapore firms seek tax cuts, rebates in Budget 2020


SINGAPORE (The Straits Times/ANN): More than half of companies across all major industries want tax relief in the Singapore Budget due to be announced next month as they prepare for a tough year ahead, an industry survey found.

About 55 per cent of both large companies and small and medium-sized enterprises (SMEs) rank corporate/income tax rate reduction and rebates to help upskill staff as the top two priorities for Budget 2020, according to the Singapore Business Federation's (SBF) annual National Business Survey, released on Tuesday (Jan 14).

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singapore , budget , businesses , tax

   

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