Singapore will raise the corporate income tax rebate from 40% to 50% for the 2026 year of assessment, Singapore Senior Minister of State for Finance Jeffrey Siow announced in a statement to Parliament on Tuesday, as reported by Reuters. He said that higher energy and logistics costs are likely to persist across the economy. Meanwhile, the Business Times reported that the cash grant component for eligible companies will be raised from S$1,500 to S$2,000, while the total benefits cap for each company will increase from S$30,000 to S$40,000. Under the existing framework, the base tier provides up to S$30,000 in funding support and was originally set to run until March 31, 2027. Siow added that the scheme will be extended by a further year to March 31, 2028, allowing more companies to benefit.