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The Government of Singapore supports enterprises in developing capabilities, innovations and transformation of one's business to remain competitive and relevant in current and future market. The support extended to enterprises comes in the form of grants, support schemes and programmes and covers areas from digital solutions, market expansion and upscaling of workforce.
As announced in Budget 2025, to provide support for companies' cash flow needs, a CIT Rebate of 50% of the corporate tax payable will be granted to all taxpaying companies, whether tax resident or not, for YA 2025.
Active companies that have employed at least one local employee in 2024 (referred to as “local employee condition”) will receive a minimum benefit of $2,000 in the form of a CIT Rebate Cash Grant. The total maximum benefits of CIT Rebate and CIT Rebate Cash Grant that a company may receive is $40,000. Depending on the company's eligibility for CIT Rebate Cash Grant, the amount of CIT Rebate that may be granted is as follows:
| Company is eligible for CIT Rebate Cash Grant | Company is not eligible for CIT Rebate Cash Grant |
|---|---|
If CIT Rebate ≤ $2,000, no CIT Rebate to be given. If CIT Rebate > $2,000, CIT Rebate (capped at $40,000) less $2,000 to be given. |
If CIT Rebate > $0, CIT Rebate (capped at $40,000) to be given. |
The CIT Rebate Cash Grant seeks to provide support for smaller companies which may otherwise receive little or no CIT Rebate. To be eligible for the CIT Rebate Cash Grant, a company must be an active company and must have met the local employee condition.
An active company refers to one that is carrying on a trade or business at the point of disbursement of the CIT Rebate Cash Grant. On the other hand, inactive companies include:
A company is considered to have met the local employee condition if it has made CPF contributions to at least one local (Singapore citizen or permanent resident) employee, not including shareholders who are also directors of the company, in the calendar year 2024.
Active companies, whether tax resident or not, that have met the local employee condition will automatically receive the CIT Rebate Cash Grant by the second quarter of 2025. The CIT Rebate Cash Grant is also extended to active registered business trusts and variable capital companies, whether resident or not, that meet the local employee condition. The CIT Rebate Cash Grant will not be taxable.
For the purpose of determining whether an active company meets the local employee condition for CIT Rebate Cash Grant, a local employee may include an individual who is deployed to the company under a centralised hiring arrangement or secondment arrangement, subject to the following conditions:
Some examples of centralised hiring arrangements and secondment arrangements include:
If your company is an active company and has met the local employee condition but did not receive the CIT Rebate Cash Grant by the second quarter of 2025 (e.g. your company meets the local employee condition under a centralised hiring arrangement or secondment arrangement), you may email IRAS via myTaxMail by 30 November 2025 with the subject header ‘Appeal for CIT Rebate Cash Grant’.
In your email, please enclose the relevant supporting documents for our review (e.g. agreement relating to the centralised hiring or secondment arrangement, records reflecting the recharge of employment costs arising from such arrangements).
The CIT Rebate will apply to income taxed at a concessionary tax rate but will not apply to income that is subject to a final withholding tax. The CIT Rebate is also extended to registered business trusts and variable capital companies.
The chargeable income declared during the filing of your company’s estimated chargeable income (“ECI”) and in the company’s Corporate Income Tax Returns (Form C/ Form C-S/ Form C-S (Lite)) should not include the CIT Rebate. IRAS will compute and allow the CIT Rebate automatically in the company’s YA 2025 tax assessment based on the ECI/ Form C/ Form C-S/ Form C-S (Lite) filed by the company, based on the timeline shown below, and depending on the company’s scenario.
| Scenario | Timeline for processing CIT Rebate |
|---|---|
| (a) If the company has filed: | |
(i) YA 2025 ECI but not Form C/ Form C-S/ Form C-S (Lite) |
IRAS will automatically reassess and allow the CIT Rebate (if any) in the company’s YA 2025 ECI tax assessment by June 2025. |
(ii) YA 2025 ECI and Form C/ Form C-S/ Form C-S (Lite), where the Form C/ Form C-S/ Form C-S (Lite) tax assessment has not been finalised |
IRAS will automatically assess to allow the CIT Rebate (if any) in the YA 2025 Form C/ Form C-S/ Form C-S (Lite) tax assessment by August 2025. |
(b) Where the YA 2025 tax assessment has been finalised (e.g. advance assessment where a notice of assessment has been issued) |
IRAS will issue the amended notice of assessment by August 2025. |
The Energy Efficiency Grant (EEG) aims to help businesses improve their energy efficiency by co-funding investment in energy-efficient (EE) equipment.
The EEG will provide two tiers of support – a base tier to provide support for pre-approved EE equipment up to S$30,000; and an advanced tier to support companies for larger investments that drive greater energy efficiency.
ELIGIBILITY
Applicants must meet all the following eligibility criteria at the point of application for the respective tiers of support:
| Tier | Eligibility |
|---|---|
| Base tier |
* For users of data centres, business entities need not have a minimum of 30% local shareholding criteria. |
| Advanced tier (only available for selected sectors) |
|
Companies may not be eligible for the grant if they have commenced procurement of the equipment at the point of grant application.
The application may be rejected if any of the following have taken place before the application date:
APPLICATION
Companies can apply for the EEG(base tier) through the Business Grants Portal (BGP).
Companies may refer to the following step-by-step application guide on BGP.
For companies in the Construction, Manufacturing (including Food Manufacturing) and Maritime sectors who wish to apply for the EEG (advanced tier), please refer to GoBusiness regarding the application details.
To minimise application delays, companies are encouraged to take note of the following.
Technology is not about fancy and expensive high-end solutions. You can kick-start your technology journey by taking simple steps to automate existing processes and improve productivity. The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
For a start, PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.
These solutions have been pre-scoped by various government agencies such as Enterprise Singapore, National Environmental Agency (NEA) and Singapore Tourism Board (STB).
The list of readily adoptable solutions can be found on GoBusiness Gov Assist. Applicants should consider their business needs to select the relevant and right-sized PSG support packages.
SMEs can apply for PSG if they meet the following criteria:
Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
Here are the steps you can take when applying for PSG:
Click here for a step-by-step guide, covering:
The Enterprise Development Grant (EDG) supports projects that help you upgrade, innovate, grow and transform your business. Submit your individual project proposals with details on your business plans and project outcomes to take your business further.
EDG funds qualifying project costs namely third-party consultancy fees, software and equipment, and internal manpower cost.
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas, under three categories:
As of 30 December 2020, Overseas Marketing Presence (OMP) will be supported under the Market Readiness Assistance Grant (MRA). Please refer here for more details.
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
To qualify for the EDG, you need to:
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
Find out how to apply for the EDG.
Visit Enterprise Singapore WebsiteThe Market Readiness Assistance (MRA) grant helps companies expand into new markets overseas by defraying the costs of overseas market promotion, business development and set-up.
Companies should meet the following criteria:
Click here for full list of supportable activities.
Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
Please note that retrospective applications will not be accepted. An application will be deemed retrospective only if any of the following events took place before the application date:
Companies must submit your applications no earlier than six months of project start date.
Please apply through the Business Grants Portal.
Visit Enterprise Singapore WebsiteCompanies planning to expand overseas can enjoy a double tax deduction on qualifying expenses incurred from 1 Apr 2012 to 31 Dec 2030 for international market expansion and investment development activities.
[UPDATED!] As announced in Budget 2025, to continue supporting businesses in their internationalisation efforts, the Double Tax Deduction for Internationalisation Scheme will be extended for another 5 years till 31 Dec 2030.
Further details will be provided by Enterprise Singapore (ESG) by the second quarter of 2025.
Under Sections 14B, 14H and 14I of the Income Tax Act 1947, your company may claim double tax deduction on qualifying expenses incurred in the following 9 qualifying activities up to the specified expenditure cap, without the need to seek prior approval from ESG or Singapore Tourism Board (STB):
Your company must maintain documentation as proof of expenditure and purpose and submit them upon IRAS' request.
Your company may also apply to ESG or STB for case-by-case approval to claim double tax deduction on:
With effect from 15 Feb 2023 , your company may claim double tax deduction on qualifying startup expenses incurred for "e-commerce campaign". The qualifying expenses covered under this new qualifying activity are e-commerce related business advisory, account creation, content creation, and product listing and placement expenses. All double tax deduction claims under the “e-commerce campaign” activity require ESG’s approval. The approval is subject to a one-year time limit, applied on a per-country basis.
Learn more about the eligibility criteria, list of qualifying activities and the corresponding qualifying expenses on which double tax deduction can be claimed at ESG's website.
The expenditure cap for the automatic double tax deduction under the scheme is $100,000 per Year of Assessment (YA) for qualifying expenses incurred from 1 Apr 2012 to YA 2018 and $150,000 per YA for those incurred from YA 2019 to 31 Dec 2030.
The following table illustrates the expenditure cap:
| Expenditure incurred during the period | Specified Expenditure Cap |
|---|---|
| 1 Apr 2012 to YA 2018 | $100,000 per YA |
| YA 2019 to 31 Dec 2030 | $150,000 per YA |
To provide greater support for businesses expanding overseas and to create skilled jobs for Singaporeans, the scheme has been enhanced to include qualifying salary expenses incurred between 1 Jul 2015 and 31 Dec 2030 for Singaporean and Permanent Resident employees posted to an overseas establishment of the approved firm or company.
The total amount of qualifying salary expenses incurred for employees posted overseas (Section 14I) and qualifying overseas investment development expenses (Section 14H) incurred on airfare, hotel accommodation, etc. to be allowed double tax deduction is capped at $1 million per approved entity per YA, subject to conditions.
Businesses have to apply to ESG to enjoy the double tax deduction on qualifying salary expenses incurred from 1 Jul 2015 to 31 Dec 2030.
To support businesses in their efforts to overcome initial challenges and build up capabilities in internationalising via e-commerce, the scope of qualifying expenses has been expanded to cover certain expenses incurred on or after 15 Feb 2023 on a new qualifying activity “e-commerce campaign”.
The scope of qualifying expenses under the “e-commerce campaign” activity will cover the following e-commerce campaign startup expenses paid to e-commerce platform or service providers:
| Qualifying expenses | Description |
|---|---|
| a. Business advisory |
|
| b. Account creation |
|
| c. Content creation |
|
| d. Product listing and placement |
|
All double tax deduction claims under the “e-commerce campaign” activity require ESG’s approval. For each business, ESG will only approve such claims for e-commerce campaigns for a maximum period of one year per country.
The Double Tax Deduction for Internationalisation Scheme applies for the following qualifying period:
A Singapore company that makes a qualifying acquisition of the ordinary shares of another company may enjoy an M&A allowance on the purchase consideration.
Under the M&A scheme, an M&A allowance is granted to a company ('the acquiring company') that acquires the ordinary shares of another company ('the target company') during the period 1 Apr 2010 to 31 Dec 2030 (both dates inclusive). The M&A allowance is allowed on a straight-line basis over 5 years and the allowance cannot be deferred.
[UPDATED!] As announced in Budget 2025, to continue supporting companies to grow through M&A, the M&A scheme will be extended for another 5 years till 31 Dec 2030.
Companies must meet certain conditions to remain eligible for M&A allowance for each Year of Assessment (YA) during the 5-year writing-down period.
Under the M&A scheme, double tax deduction is granted on transaction costs incurred on qualifying share acquisitions completed during the period 17 Feb 2012 to 31 Dec 2030 (both dates inclusive). For the purpose of allowing a double tax deduction, the amount of transaction costs is taken net of grants or subsidies from the Government or any statutory board and is subject to an expenditure cap of $100,000.
The cap of $100,000 applies to all transaction costs incurred in relation to qualifying acquisitions of ordinary shares in all target companies, for which the claims for M&A allowance are first made in the same Year of Assessment (YA). This is regardless of when the transaction costs are incurred.
Transaction costs include legal fees, accounting or tax advisory fees, valuation fees and such other professional fees that are necessarily incurred for a qualifying share acquisition. They do not include professional and incidental fees in respect of a loan arrangement.
The deduction of the transaction costs is allowed in:
Transaction costs incurred in relation to a share acquisition completed during the period 1 Apr 2010 to 16 Feb 2012 are not deductible. They also do not form part of the cost of qualifying share acquisition for determining the amount of M&A allowance.
The M&A allowance and double tax deduction on transaction costs cannot be transferred under the Group Relief system.
Likewise, any unutilised M&A allowance and double tax deduction on transaction costs cannot be carried back to set-off the acquiring company's assessable income for the preceding year.
However, the unutilised M&A allowance and double tax deduction on transaction costs may be carried forward for set-off against the acquiring company's future income if the shareholding test is met (i.e. there must be no substantial change in the shareholders and their shareholdings as at the relevant dates).
The shareholding test for these items works the same as that for unutilised capital allowances. Learn more about the shareholding test.
Whether you are planning to develop new capabilities, create new products or expand your business footprint overseas, having access to the right financing is crucial to realise your growth ambitions.
The Enterprise Financing Scheme (EFS) is a comprehensive tool to enable Singapore enterprises to access financing more readily across all stages of growth.
It covers seven areas to address enterprises’ financing needs: green loans, working capital loans, fixed asset loans, venture debt loans, trade loans, project loans, as well as Merger & Acquisition loans.
EnterpriseSG will share the loan default risk in the event of enterprise insolvency with the Participating Financial Institutions.
Note that a higher risk share will be considered for the following:
Green Loan
Finance green growth projects
SME Working Capital Loan
Finance daily operational cashflow needs
SME Fixed Assets Loan
Finance the investment of domestic and overseas fixed assets
Venture Debt Loan
Finance the growth of innovative enterprises using Venture Debt and warrants or redeemable convertible preference shares
Trade Loan
Finance trade needs
Project Loan
Finance the fulfilment of secured overseas projects
Mergers & Acquisitions Loan
Finance the acquisition of target enterprises with the intent of internationalisation
Foreign-based Financial Institutions / Multilateral Development Banks Loans
Access overseas financing support to expand your international business footprint.
More information on the schemes can be found in the individual pages.
Overview
EnterpriseSG curates and develops financing courses, masterclasses and workshops to help local enterprises build and enhance their capabilities in basic and advanced financing topics.
Developed with each enterprise’s needs in mind, the curated interactive courses involve games, sharing and networking sessions by financing experts and practitioners with case studies, panel discussions and fireside chats.
Announced at the Committee of Supply 2025, the SkillsFuture Workforce Development Grant (WDG) forms part of the Enterprise Workforce Transformation Package (EWTP), which also includes the redesigned SkillsFuture Enterprise Credit (SFEC).
This new grant brings together existing Government workforce transformation schemes under SkillsFuture Singapore and Workforce Singapore (e.g. WSG’s Career Conversion Programmes, SSG’s NACE Workplace Learning Projects).
Companies will be able to access holistic workforce development support through a single application channel via the Business Grants Portal (BGP) which will be rolled out in phases in 2026.
Anchor Programme Partners (PPs) will support companies’ transformation efforts through end-to-end advisory support to adopt relevant workforce transformation solutions.
More information will be available as WDG is progressively rolled out in 2026.
The SkillsFuture Enterprise Credit (SFEC) is a credit of $10,000 for employers to offset up to 90% of out-of-pocket costs for supported programmes and courses.
As announced at Budget 2025, the current SFEC, originally set to expire in June 2025, will be extended until the redesigned SFEC is ready in 2H2026, to allow companies time to use their remaining credits and plan their transformation efforts accordingly.
NEW From second half of 2026, the SFEC will be redesigned to better support employers for your workforce transformation needs under the Enterprise Workforce Transformation Package (EWTP). All eligible companies that qualify for the current SFEC will get a fresh $10,000 credit in an online wallet. The credit can be used to immediately offset out-of-pocket expenses for eligible workforce transformation initiatives and courses.
More details will be released later this year.
Eligibility
All eligible employers have been notified. No application is necessary.
Enterprise Singapore notifies all newly eligible employers via email sent to their registered Corppass Administrators. Employers who qualify will be able to see the S$10,000 credit when they log in using their Corppass here.
Updated: As announced in Budget 2025, the Government will extend the Uplifting Employment Credit from 2026 to 2028.
To support the employment of ex-offenders, the UEC will be given to employers who hire local ex-offenders (Singapore Citizen or Permanent Resident) earning below $4,000 and released within three years prior to employment.
The UEC provides a wage offset of up to 20% of the employees’ monthly income, capped at $600 per month for each employee for the first nine months of employment. The scheme will be applicable to ex-offenders hired from April 2023 to December 2028.
Employers who hire ex-offenders (Singapore Citizens and Permanent Residents) earning a monthly wage of below $4,000 and have made timely mandatory CPF contributions for the employee will qualify for the payout. Wages paid to business owners2 or employers trading in their own personal capacity3 will not be eligible for the UEC, even if they made CPF contributions for themselves through their entity.
Employers who hire ex-offenders through Yellow Ribbon Singapore, Industrial & Services Co-operative Society (ISCOS)4 and halfway houses in contract with Singapore Prison Service do not need to apply for the payouts. Payouts will be disbursed automatically to eligible employers.
Other employers of ex-offenders can apply to IRAS via go.gov.sg/applyUEC. The closing date for applications for ex-offenders hired in each year is 31 Jan of the following year. For example, the cut-off date for UEC applications for ex-offenders hired in 2024 is 31 Jan 2025.
The applications will be processed according to the annual payout schedule, and IRAS will notify eligible employers of the UEC amount payable to them.
Visit IRAS Website
Senior Employment Credit (SEC)
Under the SEC, the Government provides wage offsets to help employers that employ Singaporean workers adjust to the higher Retirement Age and Re-employment Age. Higher support will be given for the older age bands.
For wages paid between 1 Jan 2024 and 31 Dec 2026, employers will receive up to 7% of the wages for Singaporean workers aged 60 and above and earning up to $4,000 per month, depending on their age and wage.
In Budget 2025, the Government announced an extension of the SEC until 2026.
Enabling Employment Credit (EEC)
To support the employment of persons with disabilities, the EEC will be given to employers that hire local employees with disabilities aged 13 and above and earning below $4,000 per month.
The EEC provides a wage offset of up to 20% of the employees’ monthly income, capped at $400 per month for each employee.
In addition, employers hiring local employees with disabilities who have not been working for at least six months will receive up to additional 20% wage offset, capped at $400 per month for each employee, for the first nine months of employment.
The EEC will be available until 2028.
The EEC was enhanced in April 2023, with the additional wage offset increasing from 10% to 20%, and a cap of $400/month instead of $200/month. The support duration was also extended from 6 to 9 months.
In Budget 2025, the Government announced an extension of the EEC until 2028.
CPF Transition Offset (CTO)
To alleviate the rise in business costs due to the increase in CPF contribution rates for senior workers, the Government will provide employers with a transitionary wage offset equivalent to 50% of each year's increase in employer CPF contribution rates for every Singaporean and Permanent Resident worker they employ aged above 55 to 70.
The offset to employers will be based on employees’ monthly incomes4 paid up to the CPF salary ceiling.
The CTO will be available until 2026.
Visit IRAS Website
As announced at Budget 2025, PWCS will be enhanced:
The Progressive Wage Credit Scheme (PWCS) was introduced in Budget 2022 to provide transitional wage support for employers to:
The Government will co-fund wage increases of eligible resident employees from 2022 to 2026. Employers do not need to apply for the PWCS and can expect to receive the payout for 2022 by the first quarter of 2023.
The PWCS will have the following design:
a) Singapore Citizen and Permanent Resident employees are eligible.
b) Support for wage increases up to $3,000 gross monthly wage ceiling will run from 2022 to 2026. The Government will provide support for wage increases at the stipulated co-funding levels from 2022 to 2026.
c) Average gross monthly wage increase must be at least $100 in each qualifying year to be eligible for PWCS.
d) Eligible wage increases in each qualifying year will be co-funded for two years. For example, a 2023 wage increase will be supported in qualifying year 2023, and also in 2024 if sustained.
e) Employees’ average wage must be $4,000 or lower to be eligible for PWCS. A wage cut-off for PWCS eligibility will apply from 2024 onwards. Employees whose average monthly wage exceeds $4,000 post-wage increase will not be eligible for PWCS.
Your firm will automatically qualify if you give wage increases to resident employees who:
1. Received CPF contributions from a single employer for at least 3 calendar months* in the preceding year2,
2. Have been on your firm’s payroll for at least 3 calendar months in the qualifying year3 (i.e. you must have paid your employee CPF contributions for at least 3 calendar months* in qualifying year), and
3. Have an average gross monthly wage increase of at least $100 in the qualifying year
* The 3 calendar months of CPF contributions in the year need not be consecutive.
Local government agencies, businesses not registered in Singapore, foreign high commissions, embassies, trade offices and international organisations do not qualify for PWCS.
Wages paid to business owners i.e. sole proprietors of sole proprietorships, or partners of a partnership, or both a shareholder and director of a company, will not be eligible for PWCS.
See the full employer exclusion list.
Visit IRAS Website
To alleviate the rise in business costs due to the increase in CPF contribution rates for senior workers, the Government will provide employers with a transitionary wage offset equivalent to 50% of each year's increase in employer CPF contribution rates for every Singaporean and Permanent Resident worker they employ aged above 55 to 70.
The offset to employers will be based on employees’ monthly incomes4 paid up to the CPF salary ceiling.
The CTO will be available until 2026.
Visit IRAS Website
To support the employment of persons with disabilities, the EEC will be given to employers that hire local employees with disabilities aged 13 and above and earning below $4,000 per month.
The EEC provides a wage offset of up to 20% of the employees’ monthly income, capped at $400 per month for each employee.
In addition, employers hiring local employees with disabilities who have not been working for at least six months will receive up to additional 20% wage offset, capped at $400 per month for each employee, for the first nine months of employment2.
The EEC will be available until 2028.
Visit IRAS Website
The Company Training Committee Grant is managed by NTUC’s e2i (Employment and Employability Institute) to help organisations implement transformation plans to enhance business capabilities and worker outcomes. To be eligible, organisations must have formed Company Training Committees (CTCs). With effect from August 2024, the CTC Grant funds training tied to CTC Grant transformation projects. The grant serves to strengthen worker and business outcomes to bring about:
What can be supported under the grant?
Items must be deemed relevant and tied to transformation plans that lead to worker and business outcomes. Examples of supportable items:
Who can apply for the CTC Grant?
Entities legally registered or incorporated in Singapore i.e. companies, societies, non-profit organisations such as charities and social service agencies are welcome to apply.
Government bodies, statutory boards, organs of state, and wholly-owned subsidiaries of Government are not eligible.
What is the funding support for eligible entities?
How to apply for the CTC Grant?
Senior management representative (e.g. Owner / MD / CEO / GM or key decision maker)
Next steps for applicant
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With GoBusiness, you get easy and efficient access to over 100 government assistance schemes. GoBusiness additionally provides a simplified one-stop application gateway to over 220 business licences across 29 government agencies.