elloh25

@elloh25 (1)

Singapore • Age 46

Joined myLot 18 years ago

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Singapore Budget 2007 - Are your happy with this?

kathykats2003 @kathykats2003 (67) • Singapore 26 Feb 07

ARe you happy with the Singapore Budget 2007? Some key highlights are : Reduction of corporate tax rate from 20% to 18% Increase in GST from 5% to 7% Increase in Employer CPF contribution from 13% to 14.5%? Let me know...

singapore budget

1 response

elloh25 I'm not surprise that the corporate tax has been reduced from 20% to 17%. I guess this is a way of attracting foreign investors. Currently the HK corporate tax is only around 17%, by reducing the corporate tax rate, this will give Singapore a more competitive...

5 Mar 07