Singapore raises corporate tax rebate to 50%, expands energy grant

Enhanced tax benefits will be disbursed as early as the end of April.

Singapore will enhance tax rebates and expand energy grants to help manage rising costs linked to the Middle East conflict, Acting Transport Minister and Senior Minister of State for Finance Jeffrey Siow said in Parliament.

The Corporate Income Tax rebate for Year of Assessment 2026 will be raised from 40% to 50%. The minimum benefit will increase from $1,500 to $2,000, and the cap will be lifted from $30,000 to $40,000.

“We will disburse this enhancement quickly, as early as the end of this month,” Siow said.

The government will also expand the Energy Efficiency Grant to all sectors and extend it to 31 March 2028.

The grant currently covers six designated sectors, including food services, retail, manufacturing, and construction.

Moreover, Siow said they are assessing targeted support for companies in the energy and chemicals sector affected by feedstock disruptions.

For critical infrastructure and housing projects, the government will co-share fuel-related cost increases to prevent delays, including for major developments such as MRT lines and public housing projects.

“The government is prepared to share the cost increases directly related to fuel costs, for critical government projects where any delays or stoppages would clearly affect the public interest,” he added.

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