Local Qualifying Salary rises to S$1,800 from July 2026; EP and S Pass minimum salaries rise from January 2027.
Singapore Budget 2026: Tax Rebate, AI Support and Help to Go Overseas
A 40% corporate income tax rebate capped at S$30,000, new tax support for AI spending and bigger internationalisation grants.
Amendments to SFRS(I) 19: Updated Reduced Disclosures
SFRS(I) 19 updated for standards issued after it. Effective from 1 January 2027.
MOM Announcements in March 2025: S Pass Salary and Levy, Work Permit Rules
Higher S Pass qualifying salary, a single S$650 S Pass levy and more flexible Work Permit rules.
Singapore Budget 2025: Key Measures for Businesses
Another 50% corporate income tax rebate, more wage support and a standardised S Pass levy.
Amendments to SFRS(I) 9 and SFRS(I) 7: Contracts Referencing Nature-dependent Electricity
Accounting relief for renewable energy power purchase agreements. Effective from 1 January 2026.
New Standard: SFRS(I) 19 / FRS 119 Subsidiaries without Public Accountability: Disclosures
Reduced disclosures for eligible subsidiaries. Effective from 1 January 2027.
New Standard: SFRS(I) 18 / FRS 118 Presentation and Disclosure in Financial Statements
The biggest change to the income statement in years. Replaces SFRS(I) 1-1 / FRS 1 from 1 January 2027.
Amendments to SFRS(I) 9 and SFRS(I) 7: Classification and Measurement of Financial Instruments
Clarifications on electronic payments and financial assets with ESG-linked features. Effective from 1 January 2026.
Annual Improvements to SFRS(I)s and FRSs, Volume 11
Minor clarifications to five standards. Effective from 1 January 2026.