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Budget 2008

A people's budget with strategies for sustained growth

Minister for Finance, Mr Tharman Shanmugaratnam, presented the 2008 Budget Statement in Parliament on 15 February 2008. The Budget aims at:

• Encouraging R&D activities in Singapore for future growth
• Keeping Singapore competitive and relevant through tax changes
• Helping Singaporeans to cope with rising cost of living

The annual Budget review conducted by KPMG Tax Services examines the changes, implications and impact of this Budget on the individual, business and economy.

To read:

• Tax Special (81 KB), click HERE.
• Budget 2008 Commentary (353 KB), click HERE.

Are you able to take advantage of the proposed changes and tax plan ahead in order to benefit from these changes? What potential pitfalls are there?

Implications of the Budget will be further discussed at the Budget 2008 Seminar organised by KPMG Tax Services, to be held on 20 February 2008. Seminar and registration details are available HERE.

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