The Corporate Income Tax (CIT) Rebate is announced by the Government in the annual Budget, so its availability and amount vary from year to year. It was granted for YA 2024 and again for YA 2025 (a 50% rebate, capped at S$40,000, with a minimum S$2,000 cash grant for companies that employed at least one local employee in 2024). For YA 2026, a 50% CIT Rebate applies, capped at S$40,000, with a minimum S$2,000 cash grant for eligible active companies that employed at least one local employee in 2025 (the rebate was announced at 40% in Budget 2026 and subsequently enhanced to 50%). As these figures change with each Budget, please confirm the latest position with IRAS or with us.