Four tax measures to look out for in Singapore Budget 2022

ON Feb 18, Finance Minister Lawrence Wong will deliver his first Budget Statement for the nation. We discuss here 4 tax measures that will most likely be addressed in his speech.

Timing of GST hike and whether it will be a phased increase

Given the need to fund our ever-increasing recurrent spending needs especially in healthcare due to an ageing population, it is always a question of when rather than whether the proposed 2-point hike will take place in the current government term.