Taxes
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
Budget 2026: AI can be ‘strategic advantage’ for Singapore if harnessed well
Clear rules must be set to ensure the technology is applied responsibly and safely, and benefits shared widely
Budget 2026: More grants, tax breaks and loans to support overseas expansion for businesses
Doing business overseas is not easy, especially for SMEs, says PM Wong
