Singapore MOF Presents 2026 Budget Statement

The Singaporean Ministry of Finance Feb. 12 presented the 2026 budget statement. The budget includes measures to: 1) provide a 40 percent corporate income tax rebate for the year of assessment (YA) 2026, with a minimum benefit of S$1,500 (US$1,187) and a maximum cap of S$30,000 (US$23,754) for eligible companies; 2) enhance the Double Tax Deduction for Internationalisation (DTDi) regime by expanding qualifying activities eligible for the automatic 200 percent tax deduction and raising the expenditure cap to S$400,000 (US$316,720) from S$150,000 (US$118,770); 3) expand the enterprise innovation regime to include artificial intelligence (AI) expenses for YA 2027 and 2028, ...