News & Insights/Singapore Regulatory & Tax Updates (2026)
Regulatory & Tax5 min read
Singapore

Singapore Regulatory & Tax Updates (2026)

From the 40% Corporate Income Tax rebate in Budget 2026 to tightened RORC filing requirements and ACRA's intensified strike-off enforcement — here is what every company operating in Singapore needs to know this year.

Corporate Income Tax Rebate

In Budget 2026, the government introduced a 40% Corporate Income Tax rebate (capped at S$30,000) for active companies that employ at least one local staff. This is designed to support SMEs and encourage local hiring.

Economic Substance Rules

To benefit from Singapore's tax treaties, companies must demonstrate real business activity in Singapore. The Inland Revenue Authority of Singapore (IRAS) now allows Advance Rulings valid for up to 5 years, giving businesses more certainty.

Register of Registrable Controllers (RORC)

Companies must file their beneficial ownership details within 2 business days of incorporation. This strengthens transparency and compliance with global anti-money laundering standards.

Director Liability

Penalties for breaches of statutory obligations have been increased to S$20,000, reinforcing the importance of appointing competent directors and company secretaries.

Strike-Off Enforcement

ACRA has intensified the removal of dormant or non-compliant companies, with strike-offs doubling in early 2026. This ensures the registry remains clean and credible.