Singapore – Individual tax changes announced in Budget 2019

Expat Academy Singapore - Individual tax changes announced in Budget 2019 The Singapore Budget 2019 includes tax changes that affect individual tax residents in Singapore. While some of the proposed changes will not significantly impact employers, the lapse of one particular scheme may lead to higher business costs in respect of expatriate employees.

The Budget 2019 was delivered by the Finance Minister, Mr. Heng Swee Keat, on 18 February 2019. Various tax changes were announced in the Budget and are to be implemented within the next few years. The following are the three proposed changes that will impact individual tax:-

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