Budget 2013

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Budget 2013

Postby MR06 » Tue Feb 26, 2013 12:57 pm

Budget in Brief

http://www.asiaone.com/News/Latest%2BNe ... 04559.html

Shifting gears for a better Singapore

http://www.asiaone.com/News/Latest%2BNe ... 04570.html

Budget: Focus on productivity, foreign labour

http://www.asiaone.com/News/AsiaOne%2BN ... 02288.html

Govt schemes support SMEs in upgrading

http://www.asiaone.com/News/Latest%2BNe ... 04572.html

SICC welcomes Budget's focus on helping SMEs

http://www.asiaone.com/News/Latest%2BNe ... 04560.html

Incentives for new technology development

http://www.businesstimes.com.sg/breakin ... t-20130225

Income tax rebates for both individuals and companies

http://www.asiaone.com/News/Latest%2BNe ... 04495.html

Tiered Additional Registration Fee Structure

http://www.asiaone.com/News/Latest%2BNe ... 04521.html

MAS to place cap on motor vehicle loans

http://ride.asiaone.com/news/general/st ... icle-loans

30% road tax rebate for commercial vehicles and taxis

http://www.asiaone.com/News/Latest%2BNe ... 04519.html

No more tax refunds on vacant properties

http://www.asiaone.com/News/Latest%2BNe ... 04485.html

Changes to housing and hotel accommodation tax

http://www.businesstimes.com.sg/breakin ... x-20130225

More healthcare cost assistance

http://www.businesstimes.com.sg/breakin ... e-20130225

Supplementary income for older workers

http://www.businesstimes.com.sg/breakin ... s-20130225

CPF contribution rates to be restored

http://www.businesstimes.com.sg/breakin ... d-20130225

Lower maid levies for families with dependents

http://www.businesstimes.com.sg/breakin ... s-20130225

Key Budget Initiatives

http://www.singaporebudget.gov.sg/budge ... index.html

Let's discuss about the Budget here. :wink:
Last edited by MR06 on Tue Feb 26, 2013 2:12 pm, edited 1 time in total.

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Re: Budget 2013

Postby MR06 » Tue Feb 26, 2013 1:33 pm

No more tax refunds on vacant properties

http://www.asiaone.com/News/Latest%2BNe ... 04485.html

Image

Next round should up the property tax on such properties. We prefer rich folks investing their money in other areas and not hogging space and parking their money by buying up properties and leaving them vacant in land-scarce Singapore. Heard from property agents there are plenty around..... not renting out.

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Re: Budget 2013

Postby chloecube » Tue Feb 26, 2013 2:03 pm

MR06 wrote:Budget in Brief

Tiered Additional Registration Fee Structure

http://www.asiaone.com/News/Latest%2BNe ... 04521.html

Let's discuss about the Budget here. :wink:


Lesser cars will be seen on the road , more ppl will have to travel in public transport, used to wait for 3 trains before squeezing in, now have to wait for 5 :yikes: :yikes: :yikes:

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Re: Budget 2013

Postby Dreamgear » Tue Feb 26, 2013 2:33 pm

chloecube wrote:
MR06 wrote:Budget in Brief

Tiered Additional Registration Fee Structure

http://www.asiaone.com/News/Latest%2BNe ... 04521.html

Let's discuss about the Budget here. :wink:


Lesser cars will be seen on the road , more ppl will have to travel in public transport, used to wait for 3 trains before squeezing in, now have to wait for 5 :yikes: :yikes: :yikes:


Number of cars are governed by the number of coe. There wont be lesser cars on the road

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Re: Budget 2013

Postby chloecube » Tue Feb 26, 2013 2:56 pm

Dreamgear wrote:
chloecube wrote:
MR06 wrote:Budget in Brief

Tiered Additional Registration Fee Structure

http://www.asiaone.com/News/Latest%2BNe ... 04521.html

Let's discuss about the Budget here. :wink:


Lesser cars will be seen on the road , more ppl will have to travel in public transport, used to wait for 3 trains before squeezing in, now have to wait for 5 :yikes: :yikes: :yikes:


Number of cars are governed by the number of coe. There wont be lesser cars on the road


if the cars are so expensive to get now, for instance, more down payment, shorter loans. the number of ppl able to afford a car will be lesser.
so does it equate to lesser cars? :scratchhead:

or lesser japanese cars but more luxurious cars ?

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Re: Budget 2013

Postby pirate » Tue Feb 26, 2013 3:15 pm

Buy a 2nd hand car lah.

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Re: Budget 2013

Postby JJ1111 » Tue Feb 26, 2013 3:21 pm

chloecube wrote:
if the cars are so expensive to get now, for instance, more down payment, shorter loans. the number of ppl able to afford a car will be lesser.
so does it equate to lesser cars? :scratchhead:

or lesser japanese cars but more luxurious cars ?


Don't be surprise on how rich those buyer is. :p

Although with such sky high COE, a number of my manager and bosses keep changing car. :censored:

I doubt there will have a reduce of car. Maybe reduce abit of COE price only. :p

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Re: Budget 2013

Postby coolbaby » Tue Feb 26, 2013 3:29 pm

well i'm quite disappointed how they control the number of cars on the road :(
only the rich will get to drive.

they never take into consideration for family who needs car:
http://ride.asiaone.com/features/opinio ... ds-members

I was hoping new system to have something like first-car ownership per household. Pay higher COE for 2nd car.

I thot govt will review the COE system. what's the purpose of having Cat A and B which is only $4K difference and they are almost $100K (last month figures).

sigh...

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Re: Budget 2013

Postby raysusan » Tue Feb 26, 2013 3:36 pm

Many car salesman dont like this

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Re: Budget 2013

Postby chloecube » Tue Feb 26, 2013 4:17 pm

i agree with the article
Have a separate COE category for luxury cars.

many people need a car for their livelihood
DH needs to drive a car for his sales job and delivery
it will be near impossible to work in his line w/o a car

we have 2 young kids schooling and the travel distance is abt 20min-30min by car. (you may ask why study so far, we cant get into a school near my place). school bus is way too exp, the last i heard 2 yrs ago is $125 per child for 1 way trip from school to my house. i've got 2 kids, that works out to $250 per month including school holidays. this also excluding the extra charges of $5 per trip if they stay back in school for remedial or CCA, and take a latter timing bus back.
it will be cheaper for them to take a cab back home infact. but they are way too young for public transport.
i really hope Garment can look into the genuine cases of owning a car.

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