Singapore will adjust corporate tax system in due time

Singapore

SINGAPORE will adjust its corporate tax system when a global consensus is reached on such matters; but, it will do so in consultation with businesses here, while protecting its sovereign rights on taxes and keeping the compliance burden on businesses down.

The changes, when they come, will hurt Singapore's tax revenues and competitive standing; so, the city-state will also double down on non-tax measures to play up its other competitive strengths.