Singapore Budget brings tax support for firms; builds climate resilience

The 2025 Budget is bringing tax cuts, support for households, tax incentives for equities, more climate measures and support for AI; Singapore saw 4.4% GDP growth in 2024.

By Andrew Tjaardstra

Feb 19, 2025

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The Singapore Budget 2025, announced on February 18, has handed corporates tax breaks of up to 50% or S$40,000 ($29,800), which should, in particular, help small and medium-sized enterprises (SMEs). Even for those firms not making a profit, firms with at least one local employee should benefit from the relief of S$2,000.

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