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Here we provide insights and analysis on the Singapore Budget 2025 which was announced on 18 February by Prime Minister and Minister for Finance, Mr Lawrence Wong.

Dive into our experts' insights on the budget's implications for businesses and individuals.

For businesses

  • 50% Corporate Income Tax Rebate in Year of Assessment 2025
  • Section 13W of the Income Tax Act – non-taxation of companies’ disposal gains
  • Tax deductions under Employee Equity Based Remuneration schemes
  • Income tax concessions for Real Estate Investment Trusts listed on the Singapore Exchange
  • Income tax concession for Real Estate Investment Trust Exchange-Traded Funds listed on the Singapore Exchange
  • Tax deduction for payments made under an approved cost-sharing agreement for innovation activities
  • Additional Concessionary Tax Rate tier of 15% for the Financial Sector Incentive scheme
  • Tax incentives recommended by the Equities Market Review Group
  • Approved Shipping Financing Arrangement Award (for Ships and Containers)
  • Additional Flat Component of road tax for electric heavy goods vehicles and buses
  • Tax incentives for Project and Infrastructure Finance
  • Maritime Sector Incentive 
  • Land Intensification Allowance scheme
  • Insurance Business Development scheme
  • Extensions of existing incentive schemes
  • Incentive schemes to lapse
Read the announcements

For individuals

  • Personal Income Tax Rebate for Year of Assessment 2025

  • Matched MediSave Scheme from CPF Cash Top-Up Relief

  • Central Provident Fund contribution rates for senior employees

Read the announcements