The move comes amid businesses continuing to face cost pressures and operating challenges despite the economy performing better than expected in 2025.
Singapore will provide a Corporate Income Tax of 40% in the Year of Assessment 2026, announced Prime Minister and Finance Minister Lawrence Wong in this year’s Budget.
“Every active company that employed at least one local employee last year will receive a minimum benefit of $1,500. The total benefit for each company will be capped at $30,000,” he says.
