Singapore

2026 Budget

The 2026 Budget was announced on 12 February 2026.

Corporate tax changes proposed include:

• Corporate income tax (CIT) rebate of 40% and a CIT rebate cash grant of 1,500 Singapore dollars (SGD) for eligible companies, subject to a combined (tax rebate and cash grant) cap of SGD 30,000 for income year 2025 (year of assessment 2026).
• Enhancement to the Enterprise Innovation Scheme to incentivise adoption of artificial intelligence (AI) solutions.
• Enhancement and liberalisation of the double tax deduction for internationalisation.
• Extension of the withholding tax exemptions for the financial sector and tax incentives for finance and treasury centres, global trading companies and not-for-profit organisations.
• Extension of the 250% tax deduction for qualifying donations and qualifying expenditure incurred under the Corporate Volunteering Scheme.

For details of the 2026 Budget proposals, refer to our 2026 Budget Commentary at www.pwc.com/sg/en/publications/singapore-budget.html.