TAX REFORM IN SINGAPORE

Glenn Jenkins () and Rup Khadka

No 1998-03, Development Discussion Papers from JDI Executive Programs

Abstract: Globalization has forced many governments to change their economic policies, including tax policies, in the recent years. It has had an even greater impact on Singapore’s economy due to the high degree of its openness with respect to trade and investment. In this context, Singapore undertook a major restructuring of its tax system in the early 1990s. The introduction of a modern value added tax system (goods and services tax) was a part of the overall tax reform package. This paper examines how Singapore has modified its tax system to be consistent with the changes in the Singaporean economy over time and is to put itself in step with current trends in taxation. It also analyzes in detail the principal measures that the Singapore government and its tax administration took to ensure a smooth implementation of the new goods and services tax.

Keywords: Singapore; tax reform; value added tax system (search for similar items in EconPapers)
JEL-codes: H20 (search for similar items in EconPapers)
Pages: 60 pages
Date: 1998-07
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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