Singapore published the Finance (Income Taxes) Act 2025 in the Official Gazette on 12 December 2025, providing for the implementation of the Budget 2025 measures announced back in February 2025. The main measures include the following:
- A 50% Corporate Income Tax (CIT) rebate is granted in the Year of Assessment (YA) 2025, with a minimum benefit of SGD 2,000 for eligible companies that meet the local employee condition in calendar year (CY) 2024, with the maximum total benefit a company can …