2020 was a year where Singapore’s strength and resilience were truly tested and proven. Ahead of many other nations, we have successfully re-opened our economy. But the battle against COVID-19 is far from over and, as a small, open economy, Singapore’s continuing economic recovery will require us to be both nimble and adaptable.

Budget 2021 provides immediate support with the S$11 billion COVID-19 Resilience Package along with the S$24 billion package to build a vibrant business community, provide financial capital and develop Singapore’s workforce. Together these measures will guide Singapore in navigating through challenges and opportunities on a journey of new possibilities.

KPMG in Singapore’s proposed 3R framework is a congruent reflection of this journey ahead: to Re-imagine how the economy and enterprises will need to transform for the future, Re-plan our businesses and workforce to adapt to a rapidly changing reality and Re-create Singapore as a leader in working towards a sustainable future and a Global-Asia node.

It is Singapore’s time to surge forward and emerge stronger in a post-COVID-19 world.

Download the KPMG Singapore Budget 2021 report now.

Find out about the latest tax changes with KPMG Singapore Budget 2021 Tax Fact Sheets here.