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Minimum corporate tax rules mean Singapore is in for 'tougher competition': PM

Tax incentives - along with grants and other schemes - are major tool in EDB's arsenal for attracting investments

Published Tue, Nov 2, 2021 · 05:50 AM

Rome

SINGAPORE will be in for tougher competition when new rules on a minimum global corporate tax are implemented, said Prime Minister Lee Hsien Loong on Sunday (Oct 31).

Specifically, the decision will impact how the country attracts investments. This is because tax incentives - along with grants and other schemes - are a major tool in the Economic Development Board's arsenal.

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Lee Hsien Loong

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Singapore

Minimum corporate tax rules mean Singapore is in for 'tougher competition': PM

KEYWORDS IN THIS ARTICLE

Economy & Policy

NTUC aims to do more to support PMEs, who now account for nearly half its membership

Daily Debrief: What Happened Today (Apr 25)

Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low

8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey

Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF

Daily Debrief: What Happened Today (Apr 23)

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