These 10 points are designed for those investing into Singapore and those who have plans to do so. We aim to keep the points short and sweet, and to merely list snippets of relevant but easy to read information.
July 2025
- Singapore income tax law considers company directors as employees and the benefits derived from interest-free/subsidised loans are taxable as employment benefits.
- Qualifying renovation expenses can be claimed from YA2025 to YA2027 and are subject to a cap of $300,000 over the three-year period.
- The Singapore Night Safari opened on 3 May 1994 as the world’s first zoo that opens exclusively at night.
- The annual limit for mandatory CPF contributions for Singapore residents is $37,740.
- Singapore is called the Lion City because the city’s ancient Sanskrit name of “Singapura” means “lion city”.
- In Singapore, contributions to Self-Help Groups are collected to uplift low-income households and less privileged communities. The contribution to the Self-Help Group is based on the employee’s race or religion.
- Singapore was founded by Sir Stamford Raffles, and it became a British colony in 1819.
- Tech Pass is a visa that allows established global tech talent, including entrepreneurs, leaders or technical experts to take on multiple economic activities.
- As announced in Budget 2025, active companies that have employed at least one local employee in 2024 will receive a minimum benefit of $2,000 in the form of a CIT rebate cash grant.
- Singapore Changi Airport has been named the World’s Best Airport 2025 in the World Airport awards held in Madrid. This is the thirteenth time in history Singapore Changi Airport has achieved this top accolade.
This message is not given in the form of an opinion, legal opinion or tax advice. If any of the information provided is of interest or relevance to you or your company we would strongly recommend you contact us or another qualified professional for specific advice.