Optimizing Your Business Cash Flow | Singapore Budget 2020 - Tax edition

Published on February 29, 2020

The Singapore Budget 2020 was delivered on the 18th of February by Minister Heng Swee Keat. This year's topics sees a large focus placed on the immediate and long-term advancements to be made as one Singapore in light of the current economic outlook and challenges that may arise in time to come. Emphasis on containing and mitigating the outcomes from the recent and ongoing COVID-19 outbreak was specially addressed.

With the many reforms being introduced, what would this mean for businesses going forth? In today's bulletin, RT takes you through the key tax measures implemented in helping businesses manage their cash flow.

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RT Group is a one-stop Financial solution expert providing companies and businesses with top class Audit, Corporate Services, Accounting, and Business Tax Advisory. RT is the Head Office of RT ASEAN located in Singapore and is one of the few public accounting entities in Singapore that is qualified to perform audits of public-listed companies and come under the direct scrutiny of the Accounting and Corporate Regulatory Authority (ACRA). As a founding member of RT ASEAN, it is also the first of its kind with access to multi-disciplinary experts and multi-jurisdictional presence across Asia and other regions.

RT Group’s clientele base spans across the globe, ranging from small businesses to multi-national companies. From listed organizations in SGX and stock exchanges in other jurisdictions to non-listed corporates, financial institutions, charities, societies, and partnerships, RT continues to provide seamless services to clients across different industries and sectors driven by its core strategy of Internationalisation, Innovation, and Integration.

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RT ASEAN is first Singapore branded regional network of Accounting and Multi-disciplinary professionals focusing on client needs across Asia-Pacific and beyond. The network specializes in providing a comprehensive suite of professional services that can be broadly defined into 3 core areas - Financial, Digital, and Legal Solutions.

A collaboration established by leading Accounting/Business Services, Legal, and Digital firms, RT ASEAN is also the first and only global multidisciplinary professional network in Asia to be recognized as a full member of the Forum of Firms.

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