Singapore: Tax measures in budget 2026
Includes enhancement of various tax incentive schemes
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