Singapore Government

Recommendation 4

Strategic Thrust 2: A Leading Centre for High Value-Adding Professional Accountancy Services.

To develop Singapore into a leading centre for high value-adding accountancy services for businesses in the Asia-Pacific region, through being a:

(a) Hub for global accountancy organisations and centres of excellence;

(b) Centre for global accountancy conferences and conventions; and

(c) Centre for high value-adding professional accountancy services to be provided out of Singapore, servicing the markets in the Asia-Pacific region.

Targeted incentive programmes should be developed to promote the sector to expand in the provision of regional services out of Singapore. This could be achieved through the use of specific fiscal incentives such as grants, tax holidays and concessionary tax rates for incremental revenue from new services or offshore work done by Singapore-based public accountancy firms.

Read CDAS’ 3rd recommendation.
Read CDAS’ 5th recommendation.
Download the complete CDAS final report.

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