Singapore Government
Singapore Budget 2001
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Budget 2001

   
  Details of Tax Measures and Rebates  
 
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Link to NSS Site
 

 
 
Off-Budget Measures 2001
   

 

Summary of Measures

Category Measure Cost
Impact
($million)
Total
($million)
Tax and Fee Rebates Corporate tax rebates 975 3,002
Personal income tax rebates for YA2001 and 2002 650
Property tax exemption and rebates for commercial properties 880
Stamp duty reduction 290
Reduction of petrol excise duty 120
Reduction of diesel tax 8
Road tax rebate 59
Landing fee rebate 20
Assistance to Local Enterprises Reduction of LEFS interest rates 38 184
Increased Government risk-sharing under LEFS No Estimate
Micro-LEFS scheme for small SMEs ($250 m loan line over 5 years) 14
Loan insurance scheme 6
Extend the removal allowance to stallholders in centres selected for standard upgrading 12
Enhanced cash grant for market and cooked food stallholders 63
Upgrading of 10 hawker centres 42
Staggered increase in market rent for stallholders No Estimate
Rental of alternative stalls at subsidised rent 1
Rental rebates to stallholders paying market rentals 8
Land/Property-Related Measures Suspension of government industrial land sales and extension of project completion period No Estimate 413
Government Land Sales - suspension of confirmed list of residential and commercial sites for 2002 No Estimate
Reassignment of Land No Estimate
Removal of Tax on Gains from Disposal of Properties No Estimate
Exemption of Property Tax for Land Under Development 140
Rental Rebates for Commercial and Industrial Tenants 273

 

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