De Nices Accounting Pte Ltd

SME CASH GRANT 2026

Business with Local Qualifying Employees

Eligible businesses with local employees between Apr and Jun 2026 will receive $500 per local qualifying employee, capped at $2,500 per business. The grant is based on the highest number of local qualifying employees in any month from Apr to Jun 2026, provided timely CPF contributions were made.

Submit your Personal Income Tax for Year 2025 (YA 2026) from now until 18 April 2026.

IRAS CIT REBATE AND CIT REBATE CASH GRANT YA2026

[UPDATED!] To provide further support for companies to manage their cashflow needs as they navigate the impact of the energy crisis, the CIT Rebate and CIT Rebate Cash Grant will be enhanced for YA 2026, as follows:

✔️The Enhanced YA 2026 CIT Rebate has been increased to 50% of corporate tax payable, up from the previously announced 40%.

✔️the CIT Rebate Cash Grant* has been raised to S$2,000, an increase from S$1,500.

The total maximum benefits of the enhanced CIT Rebate and CIT Rebate Cash Grant that a company may receive for YA 2026 is $40,000

*Eligibility for the CIT Rebate Cash Grant

✅Active company
✅Local Employee Condition
-CPF contribution to at least one local (SC or PR) employee, excluding shareholders who are also directors of the company, in the calendar year 2025.

Contact us for more details

Corp Secretary at SGD 400/year, Accounting &Tax, Payroll, Incorporation Trusted Corporate Services in Singapore

The Government is focussed on helping Singaporeans navigate this complex and uncertain global environment. As the world changes, we will keep Singapore economically attractive, create jobs for our people, support them to realise their potential, and enable them to age well in their golden years. Most of all, we will strengthen our shared values and keep fresh the ideals that make us a united, multicultural and multi-religious country.

Prime Minister and Finance Minister Lawrence Wong has set out plans to refresh our economic strategy and strengthen our workers, businesses and families. This Budget will prepare us to navigate the challenges and seize new opportunities ahead.

reaffirms our commitment to support every Singaporean as we continue building our Singapore together.

Read more about the Budget here: www.singaporebudget.gov.sg – LHL

(Ministry of Finance (Singapore) infographic)

A gentle reminder that the payment due date for your property tax bill is approaching.

Unless you are on an approved GIRO instalment plan, a 5% late payment penalty will be imposed if full payment is not received by the due date.

Go to go.gov.sg/iras-pt2026 for more details.

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