SINGAPORE BUDGET 2024
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BT Explains: How might Singapore stay competitive with tax changes under BEPS 2.0?
Published Fri, Feb 9, 2024 · 05:00 AM
SINGAPORE is implementing a minimum effective tax rate of 15 per cent for multinational enterprise (MNE) groups from January 2025, in line with global tax changes. But this means the Republic will no longer be able to offer traditional tax incentives to attract such companies.
Does Singapore thus have to rethink how it attracts foreign investment, and introduce new non-tax incentives?
Why is Singapore introducing a minimum effective tax rate?
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