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Old 15th February 2018, 07:42 AM   #1 (permalink)
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Looking ahead to Budget 2018: What it could mean for you

Looking ahead to Budget 2018: What it could mean for you

By Tang See Kit @SeeKitCNA
13 Feb 2018 06:31AM (Updated: 13 Feb 2018 04:30PM)

Apart from continued emphasis on skills upgrading for the local workforce, experts expect Budget 2018 to pave the way for tax increases, such as a hike in the Goods and Services Tax (GST).

SINGAPORE: With economic transformation likely to remain in focus for Budget 2018, support for the Singaporean worker to undertake the journey will be high up on the Government’s to-do list.

Read more at source:
https://www.channelnewsasia.com/news...or-you-9950952

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Old 15th February 2018, 07:43 AM   #2 (permalink)
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Re: Looking ahead to Budget 2018: What it could mean for you

Budget 2018 to be delivered at 3.30pm next Monday

12 Feb 2018 11:05AM (Updated: 13 Feb 2018 04:30PM)

The Feb 19 speech by Finance Minister Heng Swee Keat will be broadcast live on Channel NewsAsia and streamed live on the Channel NewsAsia website.

SINGAPORE: Minister for Finance Heng Swee Keat will deliver Singapore’s Budget Statement next Monday at 3.30pm in Parliament, the Finance Ministry (MOF) and government feedback portal REACH said in a press release on Monday (Feb 12).

Read more at source:
https://www.channelnewsasia.com/news...monday-9950928

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Old 15th February 2018, 07:44 AM   #3 (permalink)
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Re: Looking ahead to Budget 2018: What it could mean for you

Commentary: Looks like GST may become a virtual reality come Budget 2018

By Koh Soo How
By and Rushan Lee
13 Feb 2018 06:30AM (Updated: 14 Feb 2018 09:57AM)

Where e-commerce is a likely target in the bid to raise tax revenues, two PwC tax experts discusses what this means for the Government, businesses and consumers.

SINGAPORE: They say in space, no one can hear you scream. That is unless of course you’re a Singaporean consumer who may soon have to pay GST on your digital purchases.

Read more at source:
https://www.channelnewsasia.com/news...y-come-9951092

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Old 16th February 2018, 07:54 PM   #4 (permalink)
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Re: Looking ahead to Budget 2018: What it could mean for you

GST increase, what else ?

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Old 18th February 2018, 07:48 AM   #5 (permalink)
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Re: Looking ahead to Budget 2018: What it could mean for you

Pressures on main revenue sources prompt Govt to look for ways to grow the pie

By Kelly Ng
Published17 February, 2018
Updated 17 February, 2018

SINGAPORE — Within a decade, the Government’s coffers have seen contributions from Singapore’s reserves balloon from making up less than 6 per cent of total revenue to 17.3 per cent, following changes to the net investment returns (NIR) framework which took effect in financial year 2016.

However, some economists and tax experts whom TODAY spoke to said it may not be tenable for the Government to be heavily dependent on net investment returns contribution (NIRC) — which would explain why Budget 2018, to be delivered by Finance Minister Heng Swee Keat on Monday (Feb 19), looks set to focus on raising revenue including taxes such as goods and services tax (GST) in order to fund rising social spending and infrastructure investment.

Read more at source:
https://www.todayonline.com/singapor...-ways-grow-pie

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