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BUDGET 2023 – CHANGES TO CPF MEASURES
23/02/2023
BUDGET 2023 – CHANGES TO CPF MEASURES Provide CPF Transition Support to lower-income Platform Workers for increase in CPF contributions Increase CPF contribution rates for senior workers and provide CPF Transition Offset Increase minimum CPF monthly payout for seniors on Retirement Sum Scheme to $350 Increase CPF monthly salary ceiling from $6,000 to $8,000 by… View Article
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BUDGET 2023 – Introduction of Jobs-Skills Integrators
22/02/2023
BUDGET 2023 – Introduction of Jobs-Skills Integrators Integrators to bring together key players in selected sectors to develop industry-relevant training and facilitate job matching Integrators will link up industry, training and employment facilitation partners to optimize training and placement, as well as close skills gaps Training has to translate into tangible positive outcomes and better… View Article
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BUDGET 2023 – FAMILY-CENTRIC MEASURES
22/02/2023
BUDGET 2023 – FAMILY-CENTRIC MEASURES FOR EMPLOYERS TO NOTE!! Government-paid Paternity Leave increased from 2 weeks to 4 WEEKS with effect from 1 Jan 2024 the 2 weeks increase is on a voluntary basis Unpaid Infant Care Leave for all Singaporean children aged under 2 years, with effect from 1 Jan 2024 onwards increase Unpaid… View Article
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BUDGET 2023 – MEASURES TO SUPPORT SOCIAL SERVICE SECTOR
22/02/2023
BUDGET 2023 – MEASURES TO SUPPORT SOCIAL SERVICE SECTOR Source: Ministry of Finance Infographic Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – Vehicle Taxes & Tobacco Excise Duty
21/02/2023
BUDGET 2023 – Vehicle Taxes & Tobacco Excise Duty Source: Ministry of Finance Infographic Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – Buyer’s Stamp Duties Increase
21/02/2023
BUDGET 2023 – Buyer’s Stamp Duties Increase & Additional Buyer’s Conveyance Duties Source: Ministry of Finance Infographic Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – BEPS 2.0 Global Minimum Tax
21/02/2023
BUDGET 2023 – BEPS 2.0 Global Minimum Tax Source: Ministry of Finance Infographic Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – ENTERPRISE INNOVATION SCHEME
20/02/2023
BUDGET 2023 – ENTERPRISE INNOVATION SCHEME Source: Ministry of Finance Infographic Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – Extension of Energy Efficiency Grant
20/02/2023
BUDGET 2023 – Extension of Energy Efficiency Grant to 31 March 2024 Encourage SMEs in Food Services, Food Manufacturing and Retails sectors to adopt energy efficient equipment Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – National Productivity Fund
20/02/2023
BUDGET 2023 – National Productivity Fund $4 billion top-up to expand scope and support more investment to attract high-quality investments from multinational enterprises to support companies to build new capabilities, add greater value, and upskill workers under the BEPS 2.0, there is the global minimum tax of 15 per cent. MNEs will face top-up taxes… View Article
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BUDGET 2023 – SUMMARY OF MEASURES SUPPORTING BUSINESSES
19/02/2023
BUDGET 2023 – SUMMARY OF MEASURES SUPPORTING BUSINESSES Source: Ministry Of Finance Website Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – Adjusted Additional Registration Fee Tier
19/02/2023
Higher-end cars with an OMV (the approximate cost of a car before taxes) higher than $80,000 will incur an additional registration fee (ARF, or the main car tax) of 320 per cent. Please refer to CNA website for detailed chart. The changes will take effect from the next round of certificate of entitlement (COE) bidding,… View Article
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BUDGET 2023 – Extension for Enterprise Financing Schemes
17/02/2023
Extension for Enterprise Financing Schemes to 31 March 2024!! 70% government risk-share for trade loans Enhanced maximum quantum for trade and working capital loans Enhanced project loans to support domestic construction projects Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – SINGAPORE GLOBAL ENTERPRISES INITIATIVE
17/02/2023
Introduced in 2022, the scheme offers promising companies specialised capability building programmes tailored to their needs. Enterprise Singapore will also support these firms to secure resources to execute their growth plans, and to build R&D capabilities. Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – SME CO-INVESTMENT FUND
16/02/2023
Efforts to help local enterprises scale up and be globally competitive: Mobilise investments into SMEs through Heliconia Capital. Heliconia Capital is a subsidiary of Singapore’s investment company Temasek Holdings. It focuses on supporting and investing in growth-oriented small and medium-sized Singapore companies. An additional $150 million will be set aside via the SME Co-Investment Fund… View Article
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BUDGET 2023 – ENTERPRISE INNOVATION SCHEME
16/02/2023
Companies that invest in innovation, such as research and development (R&D), will be able to enjoy more tax deductions. Presently, businesses enjoy tax deductions of up to 250% on four types of innovation-related activities. These tax deductions will be raised to 400% on each of these activities, with a new activity added to the list…. View Article
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Economic News
15/02/2023
Singapore keeps 2023 growth forecast as 2022 GDP comes in lower than estimated Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #GrowthForecast #GDP
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BUDGET 2023 – Support for Singaporeans in 2023
15/02/2023
BUDGET 2023 SERIES Support for Singaporeans in 2023: What you can expect to get Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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Singapore Economic updates
15/02/2023
Household incomes in S’pore rose in 2022 but inflation has chipped away at growth Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Inflation
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Singapore Budget 2023
04/01/2023
Budget 2023 will be announced in Parliament on 14 Feb 2023. Watch this space on that date! DPM Lawrence Wong to unveil Budget 2023 in Parliament on Feb 14 Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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