Iras Corporate Tax Rebate 2024

Iras Corporate Tax Rebate 2024. As part of budget 2024, a cit rebate of 50% of the corporate tax payable will be granted to all taxpaying companies, regardless of their tax residency status. The credits are to be offset against corporate income tax payable.


Iras Corporate Tax Rebate 2024

All companies will enjoy a 50% corporate income tax rebate, capped at sgd 40,000 and net of any cit cash grant received for ya 2024. This initiative aims to provide financial relief and support to businesses during economic challenges.

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