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Budget 2009 - Analysis of Major Tax Changes |
| 23 January 2009 |
| View publication |
| The Minister for Finance, Mr Tharman Shanmugaratnam, delivered the Budget Statement for the Financial Year (FY) 2009 on 22 January 2009. |
| Budget 2009 delivered a Resilience Package totalling S$20.5 billion. The Minister characterised the aim of the Package as to save jobs to the maximum extent possible, to help viable companies stay afloat, and to prepare Singapore to emerge with enhanced long-term capabilities and competitiveness when the global economy recovers. |
| Budget 2009 also contained a number of important tax changes, including the reduction of the corporate tax rate to 17% from Year of Assessment 2010. |
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