Taxes
Budget 2026: Fiscal forecasts are reasonable, not too conservative: PM Wong
GST hikes remain necessary to provide stable revenues for increased structural spending
Singapore’s Parf rebate cut may favour China EV brands as ownership and borrowing costs rise
Industry players say the move will have far-reaching consequences across the automotive value chain
A future-first Budget: invest, scale, compete
Singapore Budget 2026 targets critical gaps in AI and internationalisation to scale local firms for the long haul
Budget 2026: Parf rebate changes could boost EV adoption and COE renewals but dampen luxury car sales
Observers say that the reduction of de-registration rebates for cars will favour electric vehicles over petrol and petrol-electric hybrids
Budget 2026: FY2025 surplus revised up to record S$15.1 billion, more than double the estimate
The surplus was driven by higher-than-expected takings for corporate income tax, among other factors
Budget 2026: Singapore to proceed with BEPS Pillar Two top-up tax; corporate revenues to rise
The updates to the framework will increase the effective tax rate for large multinational enterprises operating here to 15%
Budget 2026: 45pp lower Parf rebate for cars; tobacco excise duty raised 20%
Change in Parf rebate will apply to all cars registered with COEs obtained from the next bidding exercise in February
Budget 2026: S$500 in CDC vouchers, up to S$400 special payment to ease cost pressures
Eligible households will also receive up to S$570 in U-Save rebates
Budget 2026: Singapore to raise EP and S Pass qualifying salaries from 2027
Renewal applications for both work passes will only take effect in 2028
Budget 2026: More AI learning support for workers, including free premium tools
The SkillsFuture website will also be redesigned to make relevant AI courses easier to identify
