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Singapore Budget 2003

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	Budget 2003

	Documents for Downloading

Budget Speech 2003

PART I: OUTLOOK AND RESPONSE


		Immediate Outlook

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		Starting Well


		Moving Ahead

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Competitiveness and Flexibility

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Entrepreneurship and Singapore Companies

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Manufacturing and Services

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		Tackling Immediate Issues

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CPF Restoration

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CPF Salary Ceilings

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Employee Contribution Rates for Older Workers

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Contribution Rates for Special and Medisave Accounts

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Property Tax Rebate

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Diesel Tax for Taxis

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Excise Duties on Petrol

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Foreign Worker Policy

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Help for Singaporeans

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Economic Restructuring Shares

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Utilities Save Scheme

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Service & Conservancy Charges


		Pulling Together

PART II: THE FY 2003 BUDGET


		Revised FY 2002 Budget Estimates


		Projected FY 2003 Fiscal Position


		Expenditure Priorities

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PART III: STRATEGIES FOR GROWTH


		Competitiveness and Flexibility

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Corporate and Personal Income Tax Rates

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Domestic Interest Income

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Portable Medical Benefits


		Entrepreneurship and Singapore Companies

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Companies Act Amendments

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New Business Vehicles

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Company Secretaries

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Audited Accounts

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Concession for Enterprise Development

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Revised Overseas Investment Incentive

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Government Procedures and Rules

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Public Sector Market-Testing

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Statutory Board Companies

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Minister of State in Charge of Entrepreneurship


		Manufacturing and Services

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Intellectual Property

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Patenting Costs

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Foreign Income for R&D

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Provision of Information and Digitised Goods

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Integrated Industrial Capital Allowance

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Upfront Land Premium for Leased Land

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Private Wealth Management

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Approved Marine Hull and Liability Insurer Scheme

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Approved Third Party Logistics Company Scheme

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Improved Global Trader Programme

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Tax Holiday for the Singapore Commodity Exchange

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Submarine Cable Capacity

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Ministerial Committee on Services


		Human Capital

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Continuing Education and Training Agency

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Course Fee Relief

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Overseas Talent Recruitment

PART IV: TAX AND FEE CHANGES


		Liquor Duties


		Tobacco Duties


		Motor Vehicle Taxes

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Valuation Method

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ARF and Excise Duty Rebates for Wheelchair Lifts


		Childcare Benefits


		Stamp Duties

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Stamp Duty on Leases

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Seller's Stamp Duty


		Promoting Philanthropy

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Donation of Land and Buildings

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Stamp Duty on Donations

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Donation of Public Sculptures


		Overall FY 2003 Fiscal Position

PART V: NEW CHALLENGES, FRESH GOALS

ANNEXES


ANNEX A:		Changes to Excise Duties for Petrol


ANNEX B:		Utilities Save Rebates (from July 2003 to June 2004)


ANNEX C:		Revised Service & Conservancy Charges Rebates (from January 2003 to December 2003)


ANNEX D:		Tax Measures to Promote Entrepreneurship and Growth of Singapore Companies


ANNEX E:		Tax Measures to Help the Manufacturing and Services Sectors


ANNEX F:		Overseas Talent Recruitment


ANNEX G:		Current and New Excise Duties for Liquors


ANNEX H:		Current and New Excise Duties for Tobacco Products


ANNEX I:		Valuation of Motor Vehicles