Tax incentives

SINGAPORE BUDGET 2026

Deloitte proposes tax framework adjustments, AI support in Budget 2026 wish list

It also suggests measures to support workers

Even in the face of scandals, the Republic has been able to maintain its stature as a global wealth hub.

Fujian gang, Prince Group money laundering incidents unlikely to dent Singapore’s appeal as wealth hub

MAS likely to go ahead with simplifying the single family office tax incentive framework in the face of rising competition

The tax guidance is the latest win for large corporations and would provide additional tax benefits to companies on top of the tax incentives they won in US President Trump’s tax bill which passed Congress in July.

Trump administration plans to boost tax break for corporations

THE US Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies including Salesforce and Qualcomm.

On Oct 14, US Treasury sanctions were announced against Chen Zhi, his conglomerate Prince Holding Group, and Chen’s associates. Chen had set up a family office, DW Capital Holdings, in Singapore in 2018.

Two SFO funds linked to Chen Zhi’s group were granted tax incentives: Chee Hong Tat

MAS takes ‘risk-proportionate approach’ to maintain Singapore’s status as a trusted financial centre, he says

Qualifying projects will automatically receive Johor’s super-lane facilitation, says Minister Tengku Zafrul Aziz. He adds that this ensures coordinated priority handling across state and federal agencies under a single facilitation channel. 

Malaysia sweetens JS-SEZ package with fast-track manufacturing licence approval, multiple-entry visa 

Country’s Strategic Co-Investment Fund will also have a new matching ratio of 1:1 versus an earlier 1:2

Chee Hong Tat, minister for national development and deputy chairman of MAS, says that while Singapore's regulatory environment is a trusted one, “we will ease the process: make it less tedious, quicker and more efficient”.

MAS to simplify framework for single family office fund tax scheme

Move is ‘timely’ given evolving landscape, rising competition from Hong Kong, Dubai, observers say

The incentives come at a time when Malaysia and Singapore are close to finalising an agreement over a proposed Special Economic Zone to be set up in Johor.

Malaysia offers zero tax for family offices in US$100 billion Forest City development

The single-family office programme “aims to attract regional and Malaysian families to manage their family wealth from Malaysia”

Observers say more clarity on Forest City's tax incentives and legal frameworks is needed.

Forest City could become cheaper, secondary family office hub to complement Singapore 

While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre

The tax function can promote sustainability through the use of various government tax- and grant-related schemes and frameworks.

How tax professionals can play a role in a company’s sustainability journey

They can assess ESG-related schemes to help firms reduce their carbon tax costs, contribute towards causes, and adopt good tax governance

Singapore came first in Asia and was fourth globally in Global Innovation Index last year, with a commitment of S$25 billion to research, innovation and enterprise between 2021 to 2025.
SINGAPORE BUDGET 2025

More moves expected to promote innovation in Budget 2025, say industry watchers

Targeted tax incentives, grants or co-funding schemes are among the possibilities