Singapore Tax Agency Updates Guidance on Corporate Income Tax Rate, Rebate, Exemption Regimes

The Singapore Inland Revenue Authority April 7 updated guidance on corporate income tax (CIT) rate, rebate, and exemption regimes. Topics covered include: 1) the increase, to 50 percent of corporate tax payable, from 40 percent, in the amount of the CIT rebate that a resident or nonresident taxpaying company can receive for year of assessment (YA) 2026; 2) the increase, to S$2,000 (US$1,570), from S$1,500 (US$1,178), in the CIT rebate cash grant amount that companies that employed at least one local employee in 2025 can receive for YA 2026; 3) the increase, to S$40,000 (US$31,406), from S$30,000 (US$23,554), in the ...