Budget 2024 – $1.3bil support for businesses

21/02/2024

*All companies will get a 50% corporate income tax rebate for YA2025, capped at S$40,000.

* Furthermore, a minimum of S$2,000 cash payouts will be given to companies that hire at least one local employee in 2023.

* The Enterprise Financing Scheme will be enhanced, with the maximum working capital loan quantum to be raised to S$500,000.

* The SkillsFuture Enterprise Credit will be extended by a year to 30 Jun 2025.

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