11 Jan 2017   

Missed the Singapore Budget Announcement on 20 Feb 2017? Here are the relevant Budget Updates from ISCA's Twitter posts::

Follow ISCA on Twitter to be updated on relevant news at https://twitter.com/ISCA_Official.

The Institute will also be releasing our Budget Update on some key areas of the Budget with implications on businesses in the March Issue of the IS Chartered Accountant Journal. Check back here at a later date or download the ISCA Journal App to be alerted once the March Issue is released.

In addition, compiled below are the Budget 2017 commentaries from the Big Four firms - Deloitte, EY, KPMG and PwC:

Budget 2017 signals a clear preference by the Government to concentrate its resources on targeted initiatives. Businesses that are quick to adapt to this ‘new normal’ and proactively take advantage of the various targeted schemes will certainly thrive in the future economy. 
– Deloitte Singapore

This Budget focuses on collective responsibility to maintain a sustainable environment and achieve economic growth and social goals. Businesses, especially SMEs, are encouraged to scale-up and go global and there are detailed plans to promote digitalisation and innovation to help them to stay competitive for the future economy. 
- EY

From investing in the workforce to digitalising and growing Singapore enterprises, this year’s Budget enacts policies to help Singapore stay agile and adaptive while remaining fiscally prudent. The KPMG Budget 2017 publication provides a synopsis of the main initiatives of the Budget statement for businesses as well as individuals in Singapore. 
-KPMG

This Budget builds on the various initiatives introduced in past Budgets as Singapore continues to adjust to structural changes in its economy and changing global forces. It also implements CFE strategies by strengthening our future competitiveness through enhancing the capabilities of our enterprises and people.
-PwC

*reproduced with permission

The ISCA Pre-Budget Roundtable 2017 on January 11 served as an invaluable platform to gather the views and insights of business leaders on how Singapore can advance its future. Held for the eighth year running, the Roundtable brought together leaders of trade bodies, accounting firms and C-suite executives to discuss and provide recommendations on the Singapore Budget.

Here is the full write-up of the ISCA Pre-Budget Roundtable 2017 in the February IS Chartered Accountant Journal.