Singapore Budget 2014 Key Highlights

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivered the Budget Speech for the Financial Year 2014 Budget on 21 February 2014.

This year's Budget continues to push for quality growth based on innovation and deeper capabilities, while building an inclusive society.

Enhancing productivity and encouraging innovation is at the core of the various tax changes announced for businesses operating in Singapore, which include:

• extension of the Productivity & Innovation Credit ("PIC") Scheme till the Year of Assessment ("YA") 2018 and enhancements of existing PIC Scheme conditions to give businesses more time, certainty and flexibility to put in place productivity improvements