Budget 2026: Companies to get 40% corporate income tax rebate capped at S$30,000

Economic Strategy and Business Support

• 💡 Singaporean firms will receive a 40% corporate income tax rebate, capped at S$30,000, in the upcoming financial year.
• 🎯 This initiative is part of a broader strategy to help companies maintain competitiveness amidst cost pressures and global economic uncertainties.
• 🔑 The government emphasizes the need to move faster and take calculated risks based on recommendations from the economic strategy review committee.

Global Connectivity and Market Expansion

• 🌍 Singapore's strategy is to remain connected to the world, fostering trade and integrating into global flows, as globalization is deemed essential for prosperity.
• 🚀 The nation is actively forging new ties in fast-growing markets like Latin America, Africa, and the Middle East, including setting up more embassies.
• ✅ To support SMEs, grant schemes for internationalization will be raised to 70%, alongside increased trade and fixed asset loans, and more eligible activities for tax write-offs.

Fostering Innovation and Growth Clusters

• 🌱 Singapore aims to build leadership in key growth clusters by anchoring critical segments of global value chains, especially those with high knowledge content.
• 🔬 Investments in sectors like semiconductor advanced packaging, aerospace, and biomedical sciences are highlighted as successful examples.
• 🧠 The country strives to be a hub for testing, developing, and commercializing frontier technology, with R&D investments being disciplined, focused, and strategic.

Capital and Enterprise Development

• 💰 Support is extended to up-and-coming enterprises and startups, recognizing the global challenge of securing capital.
• 📈 Singapore is taking a systemic approach to become a leading hub for growth capital, expanding current schemes to include growth-stage firms.
• 📊 A new task force will drive strategy to attract more listings on the Singapore Exchange, complemented by S$1.5 billion investments to anchor high-growth companies and top-ups to the equity market development program.