Singapore Budget 2007...

so the budget speech has been delivered... here are some key highlights:

1. GST up from 5% to 7% from 1 July 2007...
2. individuals will receive GST credits ranging from S$100 to S$1,000 spread over four years... NSmen and NSFs to receive additional S$100 GST credits... first installment to be paid on 1 July 2007...
3. Employer CPF contribution up 1.5% to 14.5%...
4. Beer and stout to be taxed based on alcohol content (apparently they are not now) wef 1 Jan 2008...
5. 8% reduction in road tax for passenger cars and motorcycles...
6. No more 1% cess...
7. Corporate tax cut from 20% to 18% wef YA2008...
8. No change in personal tax rate...
9. one-off S$100 property tax rebate for 2008 and 2009...
10. Utilities-Save, S&CC and Rental Rebates extended to eligible HDB households for five years, from 1 April 2007 to 31 March 2012...

that's all folks... for the full budget speech, please visit: Budget Speech 2007