Corporate Income Tax Rebate (“CIT”)
Currently, CIT rebate is 50% of tax payable, capped at S$20,000.
For YA2017, the cap on the CIT rebate will be increased from $20,000 to $25,000. The rebate remains unchanged at 50% of tax payable.
For YA2018, the cap on CIT rebate will be reduced to S$10,000. The rebate will be granted at 20% of tax payable. Continue reading “Budget 2017 – General Changes To Business”