Singapore Government
Singapore Budget 2002
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Budget 2002
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Budget Speech 2002
 
PART I: INTRODUCTION
     
 

 

 

A Different World

 
 

 

 
 

 

 

Uncertain Outlook

 

 

- Global

 

 

- Regional

 
 

 

 
 

 

 

Economic Roles of Government

 

 

- Macroeconomic Policies

 

 

- Government-Linked Companies

 
 

 

 
 

 

 

Restructuring Taxes, Creating Jobs

 

 

- Reducing Corporate Income Tax

 

 

- Reducing Personal Income Tax

 

 

- Raising Goods and Services Tax

 

 

- Offsetting the GST Increase

 
 

 

 
 

 

 

Embracing the Future

 
     
PART II: THE FY 2002 BUDGET
     
 

 

 

FY 2001 Revised Budget Estimates

 
 

 

 
 

 

 

Projected FY 2002 Fiscal Position

 
     
 

 

 

Expenditure Priorities

 
     
PART III: TAX AND FEE CHANGES
     
 

 

 

Motor Vehicle Taxes

 
     
 

 

 

Foreign Worker Levy

 
     
 

 

 

Liquor and Tobacco Taxes

 
     
 

 

 

Promoting Philanthropy

 
     
 

 

 

Tax Incentives for the Financial Sector and Enterprise Development

 
     
PART IV: THE ECONOMIC RESTRUCTURING PACKAGE
     
 

 

 

A Package for a Different World

 
     
 

 

 

Corporate and Personal Income Tax Cuts and GST Increase

 
   
 

 

 

Restructuring Corporate Income Tax

 
   
 

 

 
   
 

 

 

Offsetting the GST Increase

 
 
 
 

 

 

Overall FY 2002 Fiscal Position

 
     
PART V: CONCLUSION
     
ANNEXES
 
     

ANNEX 1:

 

Changes to ARF, ED and PARF for Cars and Taxis

     

ANNEX 2:

 

New Excise Duties for Liquors

     

ANNEX 3:

 

New Excise Duties for other Tobacco Products

     

ANNEX 4:

 

Tax Measures to Promote Philanthropy

     

ANNEX 5:

 

Tax Incentives for the Financial Sector and Enterprise Development

     

ANNEX 6:

 

New Personal Income Tax Structure and Rates

     

ANNEX 7:

 

Not Ordinarily Resident Taxpayer Scheme

     

ANNEX 8:

 

Changes to Tax Treatment of Stock Options

     

ANNEX 9:

 

Rebates for Service & Conservancy Charges and Rent

     

ANNEX 10:

 

Impact of the Economic Restructuring Package on Households

     
 
     
 
   
     
 
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