In brief
Singapore Budget 2026 focuses on adapting to rapidly shifting geopolitical and technological circumstances and, among others, aims to help businesses stay competitive while promoting the strategic adoption of Artificial Intelligence (AI).
Singapore remains committed to implementing Pillar Two, and this is expected to also include the adoption of the recent Side-by-Side Package. In addition, Singapore also recognises the need to strengthen its investment promotion toolkit and maintain its attractiveness as a global business hub amid the global competitive landscape, and has introduced various measures, including extending and enhancing the Finance and Treasury Centre (FTC) incentive and the Global Trader Programme (GTP). The government has also introduced a range of support measures to help businesses stay competitive.
We highlight the key tax developments from Budget 2026 below.
© 2026 Baker & McKenzie. Wong & Leow. All rights reserved. Baker & McKenzie. Wong & Leow is incorporated with limited liability and is a member firm of Baker & McKenzie International, a global law firm with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a "principal" means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an "office" means an office of any such law firm. This may qualify as "Attorney Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome.