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Singapore Budget 2025 News Alert
This alert highlights the key tax and non-tax measures impacting businesses.
The Singapore economy grew by a strong 4.4% in 2024, ending with a budget surplus of S$2.6bn. The Government’s revenue collections were better than expected, mainly contributed by an upside in the corporate income tax collections at close to S$31bn, being the single largest contributor to total revenue collections.
In Budget 2025, measures were introduced to address a few fronts, including tackling rising costs, equipping workers through lifelong learning, advancing our growth frontier and building a sustainable city.
Notably, to encourage new listings in Singapore and increase investment demand for Singapore-listed equities, a corporate income tax (CIT) rebate of 10% to 20% will be granted for secondary and primary listings in Singapore.
This alert highlights the key tax and non-tax measures impacting businesses:
- Fiscal position
- Tax measures (General)
- Tax measures (Real estate)
- Tax measures (Maritime and shipping)
- Personal tax
- Other support for businesses