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Singapore announces its FY 2025 Budget Statement

20 February 2025

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Tax Alerts, Legislation & Policy, National/Federal Taxation, Global

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Singapore

On 18 February 2025, Prime Minister and Minister for Finance Lawrence Wong delivered the Budget 2025 Statement in Parliament.Themed "Onward together for a better tomorrow," the 2025 Budget outlines Singapore's strategy to address the challenges of today's uncertain world, which includes various key tax and non-tax measures and changes. Singapore's Budget 2025 introduces measures to strengthen the social compact and uplift targeted segments of the community, coupled with initiatives to drive new frontiers of innovation and technology, energize enterprise ecosystem and accelerate infrastructure developments, with the aim to position Singapore for the next lap of sustainable growth.The Budget has been released...