Skip to main content

Singapore: Tax measures in budget 2026

Includes enhancement of various tax incentive schemes

Share
february 23, 2026

Singapore’s budget for 2026 includes the following proposed tax measures:

  • 40% corporate income tax rebate for year of assessment (YA) 2026
  • Enhancement of various tax incentive schemes, including:
    • Enterprise innovation scheme
    • Double tax deduction for internationalization scheme
    • Global trader program
    • Finance and treasury center incentive
    • Corporate volunteer scheme
    • Not-for-profit organization tax incentive
  • Extension of withholding tax exemptions to financial sector
  • Extension of 250% tax deduction for qualifying donations to public and other eligible institutions
  • 20% increase in excise duties on all tobacco products

Read a February 2026 report prepared by the KPMG member firm in Singapore

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.
All fields with an asterisk (*) are required.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline