Several measures were announced in the Singapore Budget Statement for the financial year 2020 to help businesses weather the near-term economic uncertainties brought about by the COVID-19 outbreak. To learn more about these measures and other tax changes announced in this year’s Budget, read Crowe Singapore’s Budget 2020 Newsletter.
Corporate Income Tax Rebate
Extension of Interest-Free Instalments for Payment of CIT on ECI
Enhanced Carry-Back Relief System
Option to Accelerate Capital Allowances
Option to Accelerate Claims on Renovation and Refurbishment Costs