SUPPORT FOR BUSINESSES
Higher energy and logistics costs will continue to be felt by businesses across the economy for some time, with SMEs particularly vulnerable, said Mr Siow.
To help businesses manage cashflow, the corporate income tax rebate announced at Budget 2026 will be raised from 40 per cent to 50 per cent for the Year of Assessment 2026.
The minimum benefit for companies with at least one local employee will also be raised from S$1,500 to S$2,000 (US$1,170 to US$1,560), and the total benefits cap per company will increase from S$30,000 to S$40,000.
