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COVID-19 Budget: Income tax payments for companies, self-employed people delayed for 3 months

SINGAPORE: Companies and self-employed people will get an automatic deferment of income tax payments for three months, announced Deputy Prime Minister Heng Swee Keat in Parliament on Thursday (Mar 26), amid an economic slowdown caused by the COVID-19 outbreak.

The deferment is part of a slew of measures under a S$48 billion Resilience Budget announced by Mr Heng to provide additional support to workers, businesses and households.

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This follows the S$4 billion

Coronavirus Covid-19 Income Tax Property Tax

Heng Swee Keat

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