Representing the ONLY cheque writing and cheque printing software in Singapore that does full-set accounting at the same time
Representing the ONLY
cheque writing and cheque printing software in Singapore that does full-set
accounting at the same time
Business highlights...... Singapore Budget 2010 |
Productivity tool...... OCi Accounting System |
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For summary and more article links, see below. |
To explore more, click
here.........
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Singapore Budget 2010
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Businesses |
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| 1 |
Introduction of Workfare Training Scheme (WTS) to complement the Workfare Income Supplement (WIS) |
NEW |
| 2 |
Enhancement of WIS |
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| 3 |
Productivity and Innovation Credit |
NEW |
| 4 |
Raising of foreign worker levies and tightening of the levy tiers |
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| 5 |
M&A allowance and stamp duty remission for qualifying M&A deals |
NEW |
| 6 |
Phasing out of Industrial Building Allowance (IBA) |
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| 7 |
Land Intensification Allowance incentive |
NEW |
| 8 |
Tax deduction for angel investors |
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| 9 |
Extension of Development and Expansion Incentive to International Legal Services |
NEW |
| 10 |
Enhancements to Financial Sector Incentive (FSI) |
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| 11 |
Review of existing tax incentives for futures members of Singapore Exchange (“SGX”) and members of Singapore Commodity Exchange Limited (“SICOM”) |
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| 12 |
Extension of and enhancement to listed real estate investment trusts (“REIT”) concessions |
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| 13 |
Removal of Approved Start-up Fund Manager scheme |
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| 14 |
Review of tax concession for offshore insurance business |
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| 15 |
Extension of Maritime Finance Incentive (“MFI”) |
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| 16 |
Incentive for ship brokers and Forward Freight Agreement (“FFA”) traders |
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| 17 |
Inclusion of ship management fees under Section 13A of Income Tax Act (“ITA”) and Approved International Shipping Enterprise (“AIS”) scheme |
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| 18 |
Expanding GST zero-rating for marine industry |
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| 19 |
Extension of qualifying listed Registered Business Trusts (“RBT”) concession |
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| 20 |
Renewal and enhancement of Investment Allowance (IA) scheme for aircraft rotables |
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Individuals |
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| 1 |
Review of existing property tax rebate for owner-occupied residential properties |
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| 2 |
Increase in parent relief |
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| 3 |
Expansion of wife relief to spouse relief |
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| 4 |
Waive income threshold condition for handicapped-dependant-related reliefs and increase income threshold condition for all other dependant-related reliefs |
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| 5 |
Increase in course fees relief |
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| 6 |
Enhancement of tax deduction on donations |
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| 7 |
Transfers to households announced in previous Budgets, including the fourth and last tranche of GST Credits and Senior Citizens’ Bonus, and U-Save, S&CC and HDB rental rebates |
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| 8 |
Top-up of CPF-Medisave Accounts for older Singaporeans |
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| 9 |
Top-ups to Medifund and ElderCare Fund |
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| 10 |
Top-up to Post-Secondary Education Accounts (PSEA) |
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General |
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| 1 |
Reducing withholding tax rate for non-resident public entertainers |
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| 2 |
Duty-free allowance for additional one litre of wine or beer in lieu of one litre of spirits |
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| 3 |
Enhanced Transport Technology Innovation Development Scheme (TIDES) |
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| 4 |
Extension of Green Vehicle Rebate (GVR) to imported used green vehicles |
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