Budget 2026: Firms to get 40% corporate income tax rebate

Eligible companies will receive a minimum of $1,500.

The government is introducing a 40% corporate income tax rebate for the year of assessment 2026, Prime Minister Lawrence Wong announced in his Budget 2026 speech.

Every active company that employed at least one local worker in the previous year will receive a minimum benefit of $1,500, with the total benefit capped at $30,000 per company.

The rebate aims to provide short-term financial relief to companies as they undergo restructuring and transformation efforts, Wong added.

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SG Budget 2026

Singapore Budget

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