Budget 2024: New S$1.3b Enterprise Support Package for Singapore businesses | Video
Deputy Prime Minister and Finance Minister Lawrence Wong on Friday (Feb 16) announced a new Enterprise Support Package, which will provide S$1.3 billion in support to companies in Singapore. Companies will get a 50 per cent Corporate Income Tax Rebate capped at S$40,000, and there will be a minimum benefit of S$2,000 in cash payouts for companies that employed at least one local employee in 2023.
Deputy Prime Minister and Finance Minister Lawrence Wong on Friday (Feb 16) announced a new Enterprise Support Package, which will provide S$1.3 billion in support to companies in Singapore. Companies will get a 50 per cent Corporate Income Tax Rebate capped at S$40,000, and there will be a minimum benefit of S$2,000 in cash payouts for companies that employed at least one local employee in 2023.
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