Singapore reduces taxation to assist the economy dealing with Coronavirus

With the COVID-19 onslaught and severely damaging the global economy –Singapore not being spared–, the Singapore Finance Minister has just reported in this year’s Budget many measures to help their economy. 

One of them, is to reduce tax payable for Year Ended 2020 (for income earned in 2019). 

It has announced a 25% discount, and capped at maximum of $15,000.

I wonder if other countries including Australia will do this. With the focus on a surplus by the Government, one would doubt it but time will tell. I know a lot of businesses affected by the bush fires and Coronavirus that would certainly welcome such a move.