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