Budget 2024 Singapore Corporate Tax

Budget 2024 Singapore Corporate Tax. To address the immediate cost concerns, businesses will receive a 50% corporate income tax rebate (capped at s$40,000) for year of assessment (ya) 2024, an extension to the. Our budget 2024 proposals reveal the tax measures that singapore should consider to navigate the global challenges posed by geopolitical tension and economic uncertainty.

Corporate income tax (cit) rebate for the year of assessment (ya) 2024. In the year of assessment 2024, companies are set to receive a 50% corporate income tax rebate, capped at sg$40,000, to help reduce business costs.