Singapore: Tax measures in budget 2025

Includes extension and enhancement of various tax incentive schemes

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February 20, 2025

Singapore’s budget for 2025 includes the following proposed tax measures:

  • Various direct and indirect tax incentives for entities listed on Singapore equity exchanges
  • 50% corporate income tax rebate capped at S$40,000 and with a minimum cash payout of S$2000
  • Enhancement of tax exemption on gains derived from disposal of shares by companies
  • Extension of mergers and acquisitions scheme
  • Extension and refinement of various insurance business schemes
  • Introduction of additional concessionary tax rate for the financial sector incentive scheme
  • Tax deduction for payments made under approved cost sharing agreement for innovation activities
  • Enhancement of enterprise financing scheme
  • Extension and enhancement of land intensification allowance scheme
  • Extension of the double tax deduction for internationalization scheme
  • Extension and enhancement of various maritime sector incentive schemes

Read a February 2025 report prepared by the KPMG member firm in Singapore

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