Budget 2026: Helping SMEs go abroad, $50m fund for ground-up community projects and other key things you may have missed
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In the first Budget in this new term of Government, Prime Minister Lawrence Wong laid out how Singapore must continue to refresh its strategies and strengthen social compacts.«Past success alone will not carry us forward. In a profoundly changed world,Budget 2026: Helping SMEs go abroad, $50m fund for ground-up community projects and other key things you may have missed
In the first Budget in this new term of Government, Prime Minister Lawrence Wong laid out how Singapore must continue to refresh its strategies and strengthen social compacts.«Past success alone will not carry us forward. In a profoundly changed world, standing still is not an option,» he said.From support for businesses to addressing climate change, here are the things in Budget 2026 that you might have missed.Support for businessesActing on key recommendations from the Economic Strategy Review committees, he announced measures which he said will achieve Singapore's ambitions to translate growth into good jobs and rising income.There will be a 40 per cent corporate income tax rebate in the Year of Assessment 2026. Every active company that employed at least a local employee last year will receive a minimum benefit of $1,500.The total maximum benefits for each company will be capped at $30,000.There will be support for companies to go abroad: The Market Readiness Assistance grant will be increased from 50 per cent to 70 per cent for Small and Medium Enterprises until March 31, 2029. Read more
