01/06/2026
๐จ Singapore Companies: You're Getting a 50% Corporate Tax Rebate for YA2026
As announced in Budget 2026, and later enhanced in April 2026. IRAS is granting a Corporate Income Tax (CIT) Rebate to ALL taxpaying companies for Year of Assessment 2026.
Here's the quick summary:
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50% rebate on your corporate tax payable
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Capped at $40,000
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Eligible companies also receive a $2,000 Cash Grant (non-taxable)
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Applied automatically by IRAS. No separate application needed
๐ช๐ต๐ผ ๐ด๐ฒ๐๐ ๐๐ต๐ฒ $๐ฎ,๐ฌ๐ฌ๐ฌ ๐๐ฎ๐๐ต ๐๐ฟ๐ฎ๐ป๐?
Companies that made CPF contributions to at least one local (SC/PR) employee in calendar year 2025. Shareholder-directors don't count.
๐ช๐ต๐ฒ๐ป ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐ด๐ฒ๐ ๐ฝ๐ฎ๐ถ๐ฑ ๐ผ๐๐?
The cash grant will be disbursed by 30 June 2026.
We've put together a full breakdown, with worked examples, so you know exactly what your company is entitled to.
๐ Read the full guide: https://leftrightcorp.com/guides/corporate-tax/iras-ya2026-cit-rebate/
Need help with your YA2026 tax filing? We handle end-to-end tax computation and filing for Singapore companies.
Drop us a message. ๐