Budget 2026: Summary of key tax changes and initiatives

23 February 2026

On 12 February 2026, Singapore Prime Minister and Minister for Finance Lawrence Wong delivered the Budget Statement for Financial Year 2026, focusing on advancing Singapore’s refreshed economic strategy, harnessing AI as a strategic advantage, and building a resilient and skilled workforce.

This article provides an overview of the key tax changes that were announced and other changes impacting businesses:

1. Corporate income tax rebate and cash grant
2. Enhancing support schemes for internationalisation
3. Tax changes
4. Harnessing AI as a strategic advantage
5. Advancing key industries and strengthening the enterprise ecosystem
6. Employment-related measures

To read the Tax Update, click here.