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Straits Times

Singapore businesses seek tax cuts, rebates in Budget 2020 amid uncertain climate: SBF survey

About 55 per cent of both large companies and small and medium-sized enterprises (SMEs) rank corporate/income tax rate reduction and rebates to help upskill staff as the top two priorities for Budget 2020, according to the Singapore Business Federation's (SBF) annual National Business Survey, released on Tuesday (Jan 14). Nearly half of the survey respondents also seek support in other areas, such as easier access to information and resources from government agencies (49 per cent), incentives for industry-related training (47 per cent) and corporate venturing (47 per cent). The annual survey, which was carried out from Aug 26 to Oct 25, drew responses from more than 1,000 companies, SBF said in a press release. For more on this story, click here.