Prime Minister (PM) and Minister for Finance, Mr Lawrence Wong, has just delivered the new Budget 2026 today.
He highlighted key economic concerns, such as a rise in geopolitical tensions, international instability, as well as the rising costs and AI revolution in Singapore.
For enterprises in particular, PM Wong emphasised the importance of investing in innovation, workforce development and digital transformation for continual growth. The government will be supporting companies through a suite of initiatives, summarised as follow:
- Corporate Income Tax Rebate
- 40% tax rebate for companies that employed at least 1 local employee for YA 2026
- Minimum benefit of $1,500
- Benefits capped at $30,000 per company
- Enhanced Support for Companies to Internationalise
- Double tax deductions for qualifying activities to receive 200% tax deductions
- Cap will be raised from $150,000 to $400,000 per company
- More qualifying activities to be eligible for automatic tax deduction claims
- Market Readiness Grant
- Support for SMEs will be increased from 50% to 70%
- Enterprise Financing scheme
- Increased max loan quantum for Trade and Fixed Assets loans
- Boost to Startup SG Equity
- $1 billion injection to support not only early-stage startups, but also growth-stage companies
- New Champions of AI Programme
- Support firms to use AI comprehensively to transform their businesses
- Includes both enterprise transformation and workforce training
- Enterprise Innovation Scheme
- 400% tax deductions on qualifying expenditures in activities such like R&D, innovation and capability development
- AI will be included as a qualifying activity, for YA 2027 and 2028
- Qualifying expenditure capped at $50,000 per YA
- Productivity Solutions Grant
- Support wider range of global and AI-enabled solutions
- Lower Qualifying Salary (LQS)
- LQS for full-time local employees to be raised from $1,600 to $1,800 in 2026
- Enhancements to Progressive Wage Credit Scheme (PWCS)
- Co-funding support from the government will be increased from 20% to 30% for 2026
- PWCS will be extended for 2 more years till 2028
- Raise qualifying wage increase from $100 to $200 from 2027
- Enhancements to Senior Employment Credit (SEC)
- Extended till end 2027
- Helps defray wage costs for employers who hire Singaporeans aged 60 & above, earning under $4,000 per month
- Updates to Foreign Worker Policies
- From Jan 2027, minimum qualifying salary for new EP applications to be raised from $5,600 to $6,000
- From Jan 2027, minimum qualifying salary for new S Pass applications to be raised from $3,300 to $3,600
Interested to know how your company can benefit from the budget?
Join Our Upcoming Post-Budget Event!
Date: Thursday, 26th March 2026
Duration: 1pm to 5pm
Venue: SingPost Centre
Auditorium, 10 Eunos Road 8, Level 5, Singapore 408600
Ticket Price: $108 (Standard Admission)
Gain expert insights and network with industry experts to ensure your company thrives in the evolving economic landscape.
For our valued client, you are invited to attend this event at no cost. Simply use the promo code “361money” during registration to secure your complimentary spot.
Click on the button now to register, limited seats available!
Grab Your Spot Now! There’s up to $3888 worth of gifts to be won. You might even win an iPad!
Alternatively, you can contact us at 6515 7906 or enquiry@361dc.com.
Here’s what some of the attendees said about our past post-budget event:
“Attended an event with a fleet of outstanding speakers from various organisations departing useful knowledges and insightful perspectives on the various grants and resources to help entities and individuals. Their ability to convey key pointers and integrate little games along with humor kept audiences engaged and rooted to their seat throughout. The speaker’s expertise was evident, and provided valuable takeaways that will undoubtedly benefit many..
Additionally, I was impressed by the software booth representatives. They were incredibly approachable and friendly, making it easy for attendees to ask questions and seek advice without feeling pressured. Their genuine enthusiasm for the product and willingness to engage with participants created a welcoming atmosphere that encouraged exploration and learning.
Overall, the event was exceptionally well-coordinated, kudos to 361 and once again a special thank you to the speakers and Angel from 361 for the invitation”
– Vicky Chang
“The 361DC Post Budget Sharing 2024 seminar was insightful, interesting and well organised. It was one of the few seminars that had virtually no drop outs after break time. Demos and tibits provided by the speakers were very useful.”
– 姜宇Evan Jiang
“The seminar is really informative and useful to know more about the grants and budgeting process. I am really appreciative of giving the opportunity for the learning new things and hope to have more of seminar in future.”
– Htike San
