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Taxation

Time to ban flavoured cigarettes, which lure young people

Smokers will have to pay 20 per cent more for tobacco products from Feb 12.
Smokers will have to pay 20 per cent more for tobacco products from Feb 12.

US to slash fee for renouncing citizenship

Consular fees for renouncing US citizenship will be reduced from US$2,350 (S$3,000) to $450 starting April 13.
Consular fees for renouncing US citizenship will be reduced from US$2,350 (S$3,000) to $450 starting April 13.

Man wants ex-wife to pay back ABSD for buying a second property

A man wanted ex-wife to account for the stamp duty paid for a second property because he did not approve the purchase.
A man wanted ex-wife to account for the stamp duty paid for a second property because he did not approve the purchase.

3 myths about ABSD that have landed property buyers in trouble

The law allows the taxman to disregard any sham schemes that avoid taxes and impose penalties on the offenders. .
The law allows the taxman to disregard any sham schemes that avoid taxes and impose penalties on the offenders. .

New tool to help businesses estimate Singapore land betterment charges up front

The LBC is a tax levied when planning permission is granted for development, or when land value increases due to improved use.
The LBC is a tax levied when planning permission is granted for development, or when land value increases due to improved use.

Using capital value to assess property tax for owner-occupied homes ‘not appropriate’: Indranee

Use of rental data to determine annual value keeps property taxes more stable and predictable, Second Minister for Finance Indranee Rajah said.
Use of rental data to determine annual value keeps property taxes more stable and predictable, Second Minister for Finance Indranee Rajah said.

Extra corporate tax collections do not replace stable, reliable revenue base from GST, says PM Wong

The increase in GST  – from 7 to 9 per cent over two stages in 2023 and 2024 – was done to fund permanent and growing healthcare spending needs of an ageing population.
The increase in GST  – from 7 to 9 per cent over two stages in 2023 and 2024 – was done to fund permanent and growing healthcare spending needs of an ageing population.

New tax proposal takes aim at Thailand’s salty food obsession

The Excise Department has previously identified instant noodles and savoury snacks as major contributors to sodium intake.
The Excise Department has previously identified instant noodles and savoury snacks as major contributors to sodium intake.

Barcelona doubles tourism tax to one of highest in Europe to fund housing

Tourists pose for a picture on a balcony of Casa Batllo, designed by architect Antoni Gaudi, at Passeig De Gracia in Barcelona, Spain on Feb 24, 2026.
Tourists pose for a picture on a balcony of Casa Batllo, designed by architect Antoni Gaudi, at Passeig De Gracia in Barcelona, Spain on Feb 24, 2026.

In Washington state, democrats consider breaking a taboo: Taxing the rich

In 2025, voters in Seattle and its suburbs elected a slate of progressive candidates who campaigned on explicit promises of wealth redistribution.
In 2025, voters in Seattle and its suburbs elected a slate of progressive candidates who campaigned on explicit promises of wealth redistribution.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.