Post by Ministry of Finance (Singapore)

Due to the Middle East situation, businesses will continue to face higher energy and logistics costs for some time. To support our businesses to manage cash flow and build longer term resilience against high energy prices, we will: 🧳 Increase Corporate Income Tax rebate to 50% for Year of Assessment 2026 🧳 Expand Energy Efficiency Grant (Base Tier) to all sectors and extend to 31 Mar 2028 While we do not know how long the conflict and its economic impact will last, the Government stands ready to do more if the situation calls for it. To find out more, visit: singaporebudget.gov.sg

Video Content