If there is one thing the COVID-19 pandemic has revealed, it is that crisis is often a precursor for change. The virus has tested the boundaries of the human spirit. Yet, it has also ignited digital transformation, crisis management and community collaboration at levels not seen before.
Against this backdrop, the Finance Minister's Budget 2022 Statement offers a way forward towards collective recovery.
Sustainability has come to the fore, with incentives for Singapore to become a formidable leader in environmental, social and corporate governance. At the same time, enhanced support measures for households and businesses to cope with immediate challenges, such as tax hikes and supply chain disruptions, coupled with investments in innovation and capability upgrading, offer renewed confidence for long-term growth.
As we stand on the cusp of change, one thing is clear: driving sustainable, inclusive growth will be a defining challenge critical to building a brighter future together. KPMG in Singapore is pleased to share key Budget highlights and insights for the road ahead.
Download the KPMG Singapore Budget 2022 publication now.
Find out about the latest tax changes with KPMG Singapore Budget 2022 Tax Fact Sheets here.
