CAP for Corporate Income Tax (CIT) Rebates Raised

CAP for CIT Rebates Raised

CAP for Corporate Income Tax (CIT) Rebates Raised Singapore’s Minister of Finance, Heng Swee Keat announced in Budget 2018 that the cap for the Corporate income Tax (CIT) Rebate for YA 2018 will be raised to 40% of the corporate tax payable subject to a cap of $15,000. This is an increase from the previously announced rebate…