Iras Corporate Tax Rebate 2024 . Companies employing at least one local employee in 2023 will receive a minimum benefit. First, companies will receive a 50 per cent corporate income tax rebate, capped at s$40,000 in the year of assessment 2024.
The inland revenue authority of singapore (iras) has published an overview of tax changes in the budget for the financial year 2024, which was delivered on 16 february. This will be capped at $40,000 for the 2024 year of assessment, says deputy prime minister lawrence.
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