On 6 April 2020, the Deputy Prime Minister Heng Swee Keat announced the Solidarity Budget to provide further support for businesses and people to tide over this difficult period. The cost for this additional support will be $5.1 billion. Altogether the Government’s support for COVID 19 will be $59.9 billion or about 12% of GDP.
Hear from Yvonne Tang, Senior Manager of Advisory Division as she shares the Solidarity Budget summary in this video.
To read details, click here: https://www.rsm.global/singapore/news/tax-alert-solidarity-budget