Budget 2024 Singapore Corporate Tax. To help companies manage rising costs, (i) a corporate income tax (cit) rebate of 50% of tax payable will be granted for year of assessment (ya) 2024; To address the immediate cost concerns, businesses will receive a 50% corporate income tax rebate (capped at s$40,000) for year of assessment (ya) 2024, an extension to the.

Businesses will enjoy a 50% rebate to their corporate income tax. My heartiest congratulations to all winners of the 2024 awards.