Details

  • Type: Publication series
  • Date: 2/27/2013

Singapore – 2013 Budget Unveiled, Some Individuals Facing Higher Taxation 

KPMG in Singapore reports on measures in the Budget Statement for 2013 delivered in Parliament on 25 February 2013. The main measures impacting individuals that we cover in this newsletter include, the phasing out of current equity compensation schemes that allow for a tax exemption on gains, generally higher property taxation, especially on higher-end properties, some increases in Central Provident Fund (CPF) and Medisave contributions rates, and more burdensome taxation in respect of employer-provided accommodation.

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