The Inland Revenue Authority of Singapore (IRAS) has published information on tax changes in Budget 2025. Prime Minister and Minister for Finance, Lawrence Wong, delivered the Budget Statement for the Financial Year 2025 on 18 February 2025. The main measures include the following:
- A 50% Corporate Income Tax (CIT) rebate will be 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)…