Ajay Kumar Sanganeria and Harvey Koenig

Singapore's strength as a global investment magnet depends on the adaptability of its tax system.
SINGAPORE BUDGET 2024

Strategic moves towards future growth and competitiveness

A progressive tax regime will enhance Singapore’s enduring appeal to international firms, investors and talent

The new global tax rules will affect all business groups with annual global revenue of 750 million euros or more, regardless of industry.
THE BOTTOM LINE

Singapore businesses shouldn’t underestimate impact of new global minimum tax rules

AS THE new global minimum tax rules under the Base Erosion and Profit Shifting (BEPS) 2.0 framework look set to be introduced...