Budget 2021 was delivered on 16 February 2021 and signals a shift from containing COVID-19 to restructuring and preparing Singapore’s economy and workforce for the post-pandemic world. This is the second consecutive year that Singapore will dip into her reserves and run a deficit budget in the Government’s bid to achieve these strategic goals and enable businesses in Singapore to be well positioned to take advantage of the post-COVID recovery. This alert summarises the key fiscal and non-fiscal measures announced in Budget 2021.
If you have any questions about WTS Global or our global services, please get in touch.
We will respond to you as soon as possible.