Singapore Government Grants & Business Support Schemes
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.
Corporate Income Tax Updated in Budget 2026
Administered by: Inland Revenue Authority of Singapore (IRAS)
As announced in Budget 2026, to provide support for companies to manage cost pressures, a CIT Rebate of 40% of the corporate tax payable will be granted to all taxpaying companies, whether tax resident or not, for YA 2026. Active companies that employed at least one local employee in 2025 (referred to as the “local employee condition”) will receive a minimum benefit of $1,500 in the form of a CIT Rebate Cash Grant.
The total maximum benefits of the CIT Rebate and CIT Rebate Cash Grant that a company may receive is $30,000. 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. |
Business Capabilities Development & Transformation
Administered by: Enterprise Singapore
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment.
Up to 50% of eligible costs for local SMEs
Receive up to $30,000 and improve your business productivity.
Supports sector-specific and generic solutions
Get support for sector-specific and generic solutions that are pre-approved by EnterpriseSG and other participating agencies. You may find the full list of solutions on GoBusiness Gov Assist.
Eligibility
To be eligible for the PSG grant, the company must meet these criteria:
- Business entity is registered and operating in Singapore
- Group annual sales turnover not exceeding S$100 million OR group employment size not exceeding 200 employees
- IT solutions or equipment that are purchased, leased, or subscribed to must be used in Singapore. You may refer to the FAQ page for more details on supportability.
- Grant applicant must not have made payment, and/or any form of deposits to a supplier, vendor or third party in relation to the purchase/lease/subscription of the IT solution or equipment prior to application submission
- Company does not fall under these categories
Charities, Institutions of Public Characters (IPCs), Religious Entities, Voluntary Welfare Organisation (VWO), Government agencies and subsidiaries, and societies are not eligible for this grant.
Administered by: Enterprise Singapore
The Business Adaptation Grant (BizAdapt) helps enterprises adapt their business operations and strengthen supply chain resilience through advisory support (via pre-approved vendors) and reconfiguration support, capped at S$100,000 per enterprise.
The grant supports:
- Enterprises that export to and/or have operations in overseas markets, and are impacted by tariff measures, to engage in advisory for (1) Free Trade Agreements and trade compliance, (2) Legal and contractual matters, and (3) Supply chain optimisation and market diversification.
- Enterprises with at least 51% ownership of manufacturing operations overseas or locally can also receive support for: Reconfiguration costs*, relating only to logistics and inventory holding costs (no pre-approved vendors required, companies may select a vendor of their choice).
Eligibility:
- Business entity is registered and operating in Singapore
- At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- For activities 1: Export to and/or have operations in overseas markets
- For activities 2 and 3: Export to and/or have operations in overseas markets, and was impacted by tariffs
- For activity 4*: Export to and/or have operations in overseas markets, and was impacted by tariffs; and Own at least 51% of local or overseas manufacturing operations requiring reconfiguration support
Administered by: Enterprise Singapore
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.
| Tier | Support Cap Per Company | Qualifying Equipment | Support Rate |
|---|---|---|---|
| Base tier | Up to S$30,000 | Pre-approved EE equipment | Government will support up to 70% and up to 30% for SMEs and non-SMEs respectively until 31 March 2027. |
| Advanced tier (only available for selected sectors) | Up to S$350,000 across base and enhanced tiers | EE equipment need not be pre-approved, but must demonstrate energy savings above 350t lifetime carbon abatement | Lower of:
|
Foreign Market Expansion & Internationalisation
Administered by: Enterprise Singapore
The 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.
Up to 50% of eligible costs for local SMEs
The support is capped at S$100,000 per company per new market and covers activities under three pillars:
- Overseas market promotion (capped at S$20,000)
- Overseas business development (capped at S$50,000)
- Overseas market set-up (capped at S$30,000)
Each application is limited to one activity in a single overseas market
Eligibility
To be eligible for the MRA grant, the company must meet these criteria:
- Business entity is registered and operating in Singapore
- At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- New to target overseas market (The company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years)
- Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees
Administered by: Enterprise Singapore / IRAS
Companies planning to expand overseas can benefit from the Double Tax Deduction Scheme for Internationalisation (DTDi), with a 200% tax deduction on eligible expenses for international market expansion and investment development activities. DTDi supports activities across key stages of a company's overseas growth journey, including:
Automatic DTDi
With effect from Year of Assessment 2027, you can claim 200% tax deduction on the first S$400,000 of eligible expenses for all activities (except for “Overseas Trade Office” and “E-Commence Campaigns” when filing your tax returns with IRAS. The cap of $400,000 is applied on a per company basis, regardless of the number of DTDi activities claimed. The activities covered under the automatic DTDi are as follows.
- Overseas Market Development Trip/Mission
- Overseas Investment Study Trip/Mission*
- Overseas Trade Fair
- Local Trade Fair
- Virtual Trade Fair
- Market Survey/Feasibility Study
- Investment Feasibility/Due Diligence Study*
- Design of Packaging for Overseas Markets
- Product/Service Certification
- Overseas Advertising & Promotional Campaign
- Master Licensing & Franchising
- Production of Corporate Brochures for Overseas Distribution
- Advertising in Approved Local Trade Publication
- Overseas Business Development
Please ensure that the expenses are qualifying for the activities before filing for the claims. IRAS reserves the rights to review and request for documentary evidence to substantiate the claims.
Visit Enterprise Singapore WebsiteEnterprise & Business Assets Financing
Administered by: Enterprise Singapore
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:
- Young enterprises formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals
- Markets with an S&P rating of BB+ and below, including non-rated countries
Eligibility
- Business entity is registered and operating in Singapore
- Company has at least 30% local shareholding held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
- Company has a Group Annual Sales Turnover not exceeding S$500 million (For “SME Working Capital” and “SME Fixed Assets”, an SME is defined as having a group revenue of up to S$100 million or maximum employment size of 200 employees.)
Administered by: Enterprise Singapore
The Enterprise Financing Scheme - SME Working Capital Loan (EFS-WCL) helps SMEs finance their operational cashflow needs.
Eligibility
- Business entity is registered and operating in Singapore (ACRA-registered Sole Proprietorships, Partnerships, Limited Liability Partnerships and Companies are eligible to apply; Approvals of loans are subject to the participating Financial Institution’s assessment.)
- Company has at least 30% local shareholding held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
- Company has a Group Annual Sales Turnover not exceeding S$500 million
- For “SME Working Capital”, an SME is defined as having a Group revenue of up to S$100 million or a maximum employment size of 200 employees
Workforce and Human Capital
Administered by: Enterprise Singapore
Invest in enterprise transformation and the capabilities of your employees.
- Receive one-off credit of S$10,000
- Supports up to 90% of out-of-pocket expenses (This is on top of support from existing schemes.)
Eligibility
All eligible employers have been notified. There is no need to apply for SkillsFuture Enterprise Credit (SFEC). If your company is eligible for SFEC, your registered Corppass administrator would have received an eligibility letter from EnterpriseSG via email. Employers who qualify will be able to see the S$10,000 credit when they log in to the Business Grants Portal external-link and SkillsFuture for Business page
Administered by: Employment and Employability Institute (E2I)
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:
- Enterprise transformation: Enhanced business capabilities, innovation and/or productivity; and
- Workforce transformation: Better career prospects and better wages for local workers (Singapore Citizens / Singapore Permanent Residents) through efforts such as job redesign. Applicant to commit to at least 1 of the following worker outcomes: Wage increase; and/or Recurrent Skills Allowance or One-time Allowance1 ; and/or implemented Career Development Plan (CDP) that is communicated to staff.
Administered by: Inland Revenue Authority of Singapore (IRAS)
As announced at Budget 2026, PWCS will be enhanced as follows:
1) Increased PWCS Co-Funding Support for Qualifying Year 2026
For wage increases given in the qualifying year 2026, the PWCS co-funding support will be raised from 20% to 30% (see Table 1). This enhanced co-funding rate will also apply to wage increases given in qualifying year 2025 and sustained in 2026.
2) Extension of PWCS to 2028
The PWCS will be extended for a further 2 years, from 2026 to 2028. For wage increases given in the qualifying year 2027, the PWCS co-funding support of 30% will continue to apply. For wage increases given in the qualifying year 2028, the PWCS co-funding support will be 20%.
3) Revision to Minimum Qualifying Wage Increase from 2027
For qualifying years 2027 and 2028, the minimum qualifying wage increase will be raised from $100 to $200.
B. March 2026 Payout
If your company has an existing GIRO arrangement as at 18 Mar 2026 with IRAS or is registered for PayNow Corporate as at 26 Mar 2026, you will receive a payout titled “Progressive Wage Credit Scheme” (GIRO) or “GOVT” (PayNow Corporate) in your bank account from 31 Mar 2026. There will not be any PWCS payout made via cheques.