News
Budget 2026: Firms to get 400% tax deduction for AI spending
Budget 2026: Firms to get 400% tax deduction for AI spending
PM Wong revealed the government is expanding on the ‘Enterprise Innovation Scheme’.
Budget 2026: Budget surplus estimated at $8.5b for 2026
In 2025, the higher surplus is driven by more corporate tax collections.
Budget 2026: Tobacco excise duty raised by 20%
The higher tax is effective immediately.
Budget 2026: MNC tax rates to be raised to 15%
Singapore anticipates higher spending on healthcare and infrastructure.
Budget 2026: SG to launch national AI missions across four sectors
Key areas are advanced manufacturing, connectivity, finance, and healthcare.
Budget 2026: Wong says $400m boost will fund longer-term care
A task force led by Goh Pei Ming will review disability support.
Budget 2026: LQS raised to $1,800 for lower-wage workers
PWCS core funding support also increases from 20% to 30%.
Budget 2026: All households get $500 vouchers from January 2027
Half the vouchers go to supermarkets with the rest for heartland merchants and hawkers.
Budget 2026: PARF rebate cap halved to $30,000 on increasing EV adoption
The rebate is given out to cars deregistered before they turn 10 years old.
Budget 2026: Solar deployment 2030 target raised to 3GW-peak
Singapore is also advancing plans to import low carbon electricity.
Budget 2026: Gov’t injects $1b to boost startup growth
Meanwhile, a new work group will strengthen the capital ecosystem.
Budget 2026: Large Family Scheme grants up to $16,000 per child
Benefits apply to every third or subsequent child under the existing support structure.
Budget 2026: Gov't pledges $37b in frontier tech under RIE 2030
PM Wong said public R&D spending will remain modest.
Budget 2026: Singapore hikes work permit levies hitting marine and process sectors
Manufacturing and services will move to a simpler tier structure starting in 2028.
Budget 2026: Singapore extends Senior Employment Credit through 2027
A tripartite workgroup will deliver senior job recommendations later this year.
Budget 2026: Singapore expands progressive wage training as job shifts intensify
Wong said hourly allowances will rise for long-form courses under the wage ladder scheme.
Budget 2026: Gov’t to boost grants for firms expanding abroad
SMEs can claim up to 70% support for their internationalisation initiatives.
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