For non-profitable companies that will not be eligible for the rebate, they will be provided with a minimum benefit of $2,000, capped at $40,000 per company. Elligible organisations must be an active company that employed at least one local employee in 2024.
Prime Minister Lawrence Wong has announced a 50% corporate income tax rebate, to help businesses affected by higher prices, such as rent and labour costs.
This rebate will be capped at $40,000.
