Tax changes for insurance companies
- Extension of Captive Insurance Tax Incentive Scheme
- Extension of Marine Hull and Liability Insurance Tax Incentive Scheme
- Extension and Enhancement of Specialised Insurance Tax Incentive Scheme
- Withdrawal of withholding tax exemption scheme for Financial Guaranty Insurers
Tax changes for shipping industries
- Maritime Sector Incentive (MSI)
Other Tax Incentives For Businesses
- Enhancement to the Tax Incentive Scheme for Trustee Company
- Enhancement of the Global Trader Programme (GTP)
- Enhancement of the Finance and Treasury Centre Incentive
Goods & Services Tax (GST)
- GST changes to marine related supplies
- GST changes for the biomedical industry
- Zero-rating of specialised storage and other value-added services
Others
- Removal of Radio and TV licence fees
- Increase in Foreign Worker Levies
