Taxes
In taxing wealth, how far can Singapore push property owners?
While inequality data has revived calls for wealth taxes, the government remains focused on immovable assets
Budget 2026: Fiscal forecasts are reasonable, not too conservative: PM Wong
GST hikes remain necessary to provide stable revenues for increased structural spending
Singapore’s Parf rebate cut may favour China EV brands as ownership and borrowing costs rise
Industry players say the move will have far-reaching consequences across the automotive value chain
A future-first Budget: invest, scale, compete
Singapore Budget 2026 targets critical gaps in AI and internationalisation to scale local firms for the long haul
PARF rebate changes could boost EV adoption and COE renewals but dampen luxury car sales
Observers say that the reduction of de-registration rebates for cars will favour electric vehicles over petrol and petrol-electric hybrids
FY2025 surplus revised up to record S$15.1 billion on higher tax revenue
The surplus was driven by higher-than-expected takings for corporate income tax, among other factors
Singapore proceeding with BEPS Pillar Two tax, corporate revenues to rise
The updates to the framework will increase the effective tax rate for large multinational enterprises operating here to 15%
Parf rebate for cars lowered by 45pp; tobacco excise duty up 20%
Change in Parf rebate will apply to all cars registered with COEs obtained from the next bidding exercise in February
S$500 in CDC vouchers, up to S$400 Special Payment to ease cost pressures
Eligible households will also receive up to S$570 in U-Save rebates
Singapore to raise EP and S Pass qualifying salaries from 2027
Renewal applications for both work passes will only take effect in 2028
