Singapore Budget 2023 insights and analysis: Wolters Kluwer shares market-first reports highlighting key provisions

Rhea-AI Summary

Wolters Kluwer released expert reports analyzing key economic tax and employment reforms from the 2023 Singapore Budget announced by Deputy Prime Minister Lawrence Wong on February 14. These comprehensive analyses are aimed at tax and HR professionals, providing insights into business tax, personal tax, tax incentives, and measures for job growth. Available within 10 hours of the Budget release, the reports enhance the CCH IntelliConnect platform, offering rapid access to updated information. The initiative reflects Wolters Kluwer's commitment to delivering accurate, high-quality insights to empower clients in decision-making.

Positive

• Timely release of expert reports on the 2023 Singapore Budget, enhancing client support.
• Focus on key reforms in tax and employment law that can aid professional decision-making.
• Investment in employment and job growth reinforces the company's relevance in economic recovery.

Negative

• None.

Wolters Kluwer expert reports provide real-time highlights of budget’s major economic tax, accounting and employment reforms

SINGAPORE--(BUSINESS WIRE)-- Wolters Kluwer, a global leader in professional information, software solutions and services, today provided tax and HR professionals with access to two comprehensive reports.

These analyse and highlight the key economic tax and employment reforms announced by Deputy Prime Minister and Minister for Finance Lawrence Wong on Feb. 14 in the 2023 Singapore Budget which focuses on the country’s efforts to build a resilient nation post-COVID, while emphasising the importance of “Moving Forward in a New Era”.

• The Wolters Kluwer Singapore Budget 2023 – Tax Report shares expert insights and a high-level summary of the budget’s new business tax, personal tax and tax incentives.

• The Wolters Kluwer Singapore Budget 2023 – HR (Employment Law) Report shares expert insights on the Budget’s short- and long-term measures intended to invest in the economy and workers, including job growth incentives, and jobs.

Within 10 hours of the official release of the 2023 Singapore Budget, these comprehensive expert analyses were automatically made available to Wolters Kluwer clients who utilise the company’s CCH IntelliConnect knowledge platform, which enables users to instantly access the latest high-quality research content with the latest commentary, legislation and rulings, wherever they are.

Members of the media and the general public are invited to opt-in to receive the Wolters Kluwer Singapore Budget 2023 – Tax Report and the Wolters Kluwer Singapore Budget 2023 – HR (Employment) Report.

Izzy Silva, Managing Director, Wolters Kluwer Tax & Accounting, Asia Pacific, said:
“The market-first issuance of these two 2023 Singapore Budget reports underscores Wolters Kluwer’s commitment to providing our tax and accounting firm clients with real-time, rapid access to trusted, high-quality, accurate information and analysis that empowers them to make informed decisions on behalf of their businesses and clients.”

About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,200 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com/en-sg or follow us on Facebook or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230215005337/en/

PIPPA MCDONALD

Marketing Director

Wolters Kluwer Tax & Accounting Asia Pacific

pippa.mcdonald@wolterskluwer.com

Source: Wolters Kluwer

FAQ

What are the key highlights of the Wolters Kluwer reports on the 2023 Singapore Budget?

The reports detail significant tax reforms and employment law measures aimed at economic recovery post-COVID, including business and personal tax changes.

When was the 2023 Singapore Budget announced?

The 2023 Singapore Budget was announced on February 14, 2023.

What is the significance of the Wolters Kluwer Singapore Budget reports?

These reports provide rapid, expert insights into the 2023 Budget, assisting tax and HR professionals with real-time analysis for informed decision-making.

How can clients access the Wolters Kluwer Singapore Budget reports?

Clients can access the reports through the CCH IntelliConnect platform, which offers immediate research content and expert commentary.

What company ticker is associated with Wolters Kluwer's shares in the U.S.?

Wolters Kluwer shares are traded under the ticker symbol 'WTKWY' on the over-the-counter market in the U.S.