Highlights of “Moving forward in the new era” - Singapore Budget 2023

Budget 2019 comes amid four major shifts: the shift in global economic weight towards Asia, rapid technological advancements, changing demographic patterns, and increasingly, the decline in support for globalisation.

The newly installed government of Malaysia intends to replace it with the reintroduction of the Sales and Service Tax (“SST”) in September 2018.

Malaysia’s recent budget proposes to be an expansionary one with the private sector remaining as the key driver of growth in 2018. We highlight the announced incentives for corporate tax, GST and stamp duty.