Budget 2026: 250% corporate volunteer tax deduction extended to 2029

Singapore is also launching a $50m SG Partnerships Fund for community initiatives.

The government has extended a 250% tax deduction scheme for corporates.

The corporate volunteer scheme, where employees volunteer or are seconded to institutions of public character (IPCs), is extended until 2029, said Prime Minister Lawrence Wong in the Budget 2026 speech.

Separately, Singapore is launching a new $50m SG Partnerships Fund, which will provide grants to community-focused projects. It will provide grants of up to $1m for larger, multi-year projects, said Wong.

The new fund will also provide differentiated tiers of funding over different timeframes.

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SG Budget 2026

Singapore Budget

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