Budget 2026: Companies to get 40% corporate income tax rebate capped at S$30,000
Firms in Singapore will get a 40% corporate income tax rebate in the upcoming financial year. It's part of a broader mix of short- and long-term measures to help companies stay competitive amid cost pressures and global economic uncertainties. Prime Minister Lawrence Wong also announced that grant schemes that support internationalisation will be raised to up to 70% for SMEs. To draw more listings on the Singapore Exchange, another S$1.5 billion will be invested to anchor high-growth companies. Ivy Chok reports.
Firms in Singapore will get a 40% corporate income tax rebate in the upcoming financial year. It's part of a broader mix of short- and long-term measures to help companies stay competitive amid cost pressures and global economic uncertainties. Prime Minister Lawrence Wong also announced that grant schemes that support internationalisation will be raised to up to 70% for SMEs. To draw more listings on the Singapore Exchange, another S$1.5 billion will be invested to anchor high-growth companies. Ivy Chok reports.
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