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2026-04-07 15:54:56
[Singapore Raises Corporate Income Tax Rebate to 50% for Fiscal Year 2026] ⑴ Singapore's Senior Minister of State for Finance, Chee Hong Tat, announced in a parliamentary statement on Tuesday that the corporate income tax rebate for the 2026 assessment year will be increased from 40% to 50%. He stated that higher energy and logistics costs are likely to persist across various sectors of the economy. ⑵ According to the Business Times, the cash grant portion for eligible companies will increase from S$1,500 to S$2,000, and the total benefit cap per company will increase from S$30,000 to S$40,000. ⑶ Under the existing framework, the basic tier provides up to S$30,000 in funding support, originally scheduled to run until March 31, 2027. Chee Hong Tat added that the scheme will be extended for another year to March 31, 2028, allowing more companies to benefit.
