Budget 2025

Key points:

Corporate Income Tax Rebate

• 50% rebate in YA 2025, capped at S$40,000 per company.

• Minimum benefit of S$2,000 for active companies that employed at least one local worker in 2024.

  Not sure about what YA means, refer to our previous blogpost

SG60 perks

• SG60 Vouchers of S$600 for citizens aged 21 to 59, $800 for those aged 60 and above

• 60% personal income tax rebate for YA2025, capped at S$200

CDC vouchers

For households: S$800 CDC vouchers

• S$500 in May 2025

• S$300 in January 2026

Progressive Wage Credit Scheme (PWCS)

Higher co-funding from the Government for wage increases:

• 40% in 2025 (up from 30%)

• 20% in 2026 (up from 15%)