Singapore budget 2026 – Key tax changes

Singapore’s budget includes a 40 percent corporate income tax rebate to ease the tax burden for all businesses, and benefit even more Small and Medium Enterprises (SMEs) given the cap of $30,000.

Singapore's Budget 2026 makes a greater shift from broad-based economic expansion towards purposeful, high-impact growth that strengthens national resilience and deepens technological capabilities. The key tax measures are outlined below. Corporate Income Tax (CIT) Rebate for Year of Assessment (YA) 2026 CIT Rebate of 40 percent of tax payable will be granted for YA 2026; companies that are active with at least 1 local employee in 2025 will receive minimum benefit of S$1,500 in cash pay...

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Authors: Ajay K Sanganeria

Published Date: 20 February 2026