Singapore

2026 Budget

The 2026 Budget was announced on 12 February 2026. Tax changes proposed include:

• Extended the 250% tax deduction for qualifying donations and qualifying expenditure incurred under the Corporate Volunteering Scheme.

• Tax deduction for platform operators who voluntarily contribute cash to top up their platform workers’ Central Provident Fund (CPF) MediSave accounts.

  60% personal income tax (PIT) rebate for resident individuals, capped at 200 Singapore dollars (SGD), for income year 2024 (year of assessment 2025).

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