Singapore Budget 2022 Commentary - A Bold Budget

On 18 February, Finance Minister Mr. Lawrence Wong delivered the much-anticipated Budget 2022 speech. The Budget remains expansionary, with an estimated ministry spending of S$102.4 billion, marking a 4.1 percent increase from the total expenditure in the previous year.

Anchored on the goals of strengthening our digital capabilities and social compact, the theme “Charting A New Way Forward Together” augurs well for the future direction of our economy. Other key premises of the Budget include advancing the green transition and building a fairer and more resilient tax system.

Download our full Budget commentary to find our expert views and analysis on:

Key Tax changes
- Corporate Tax
- Global Minimum Tax
- Goods & Services Tax (GST)
- Personal Tax
- Property Tax
- Tax changes for Vehicles
Other changes
Industry insights
- Financial services
- Privately Owned Businesses (POBs) and Small and Mid-Size Enterprises (SMEs)
- Technology and digitalisation

If you would like to learn more about how Budget 2022 will impact you or your business, have a chat with us today.

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Mazars - Singapore Budget 2022 Commentary

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