SINGAPORE’S total shophouse transaction value hit S$836.1 million in H1 2021, up 29.9 per cent from H2 2020, backed by the pick-up in activity from Q4 2020. This total was made up of the first and second quarter’s transaction values of S$365.4 million and S$470.7 million respectively. In terms of volume, the half-year saw 118 […]
Read MoreSINGAPORE – Small and medium-sized enterprises (SMEs) paid lower average effective tax rates than non-SMEs over the past decade, according to figures disclosed by Finance Minister Lawrence Wong on Monday (July 5). The average effective tax rates – corporate tax divided by chargeable income – for all SMEs stood at 3.4 per cent for the Year […]
Read MoreCompetition between foreign and local professionals, managers and executives (PMEs) is not a zero-sum game, Health Minister Ong Ye Kung told the House on Tuesday, while defending the government’s policy on free trade agreements (FTAs). Specifically, the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not oblige Singapore to unconditionally allow entry to PMEs from India, […]
Read MoreSINGAPORE will adjust its corporate tax rate and related tax incentives schemes, in due time – but it will do so, in consultation with the industry, while protecting its sovereign rights on taxes and keeping the compliance burden on businesses down, said Minister for Finance Lawrence Wong. The minister was replying to questions posed in […]
Read MoreSINGAPORE – Retail sales surged in May this year, compared with the same period last year, due to the low base when Singapore was in the circuit breaker phase to contain the Covid-19 pandemic. Takings at the till rebounded by 79.7 per cent on a yearly basis, even higher than the 54 per cent increase recorded […]
Read MoreTHE government expects to raise the maximum group size for dining in at food and beverage (F&B) outlets to five people from July 12, said Finance Minister Lawrence Wong in Parliament on Monday. This comes about two weeks after the government eased restrictions to allow dining-in at eateries in groups of two people and group […]
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