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33TIMESBUSINESSDIRECTORYOFSINGAPORE2025/2026GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFormoreinformationpleasevisithttps//wwwgobusinessgovsg/gov-assist/FORALLSECTORSProgrammesDescriptionCorporateIncomeTaxRebate50%CorporateIncomeTaxRebateforcompaniesintheYearofAssessment2024cappedat$40000Minimumcashpayoutof$2000forsmallercompaniesthatemployatleastonelocalemployeeCorporateVolunteerScheme(CVS)UndertheCVSbusinessesenjoy250%taxdeductiononwagesandqualifyingexpenseswhentheirstaffvolunteerorprovideservicestoIPCsincludingthroughsecondmentsQualifyingexpenditureissubjecttoacapof$250000perbusinessperYAandacapof$100000perIPCperCY.TheCVS(previouslyknownasBusinessandIPCPartnershipScheme)wasextendedbythreeyearstoend-2026DoubleTaxDeductionforInternationalisation(DTDi)CompaniesplanningtoexpandoverseascanbenefitfromtheDTDiwitha200%taxdeductiononeligibleexpensesforinternationalmarketexpansionandinvestmentdevelopmentactivitiesEnterpriseInnovationSchemeEnhanceddeductionsforR&DinnovationandcapabilitydevelopmentactivitieswiththeoptiontopartiallyconverttoacashpayoutinlieuoftaxdeductionsHand-CarriedExportsScheme(HCES)HCESisapplicableifyouwishtozero-rateyoursuppliestooverseascustomersforgoodshand-carriedoutofSingaporeviaChangiInternationalAirportMajorExportersScheme(MES)UnderMESGSTonnon-dutiablegoodsissuspendedatthepointofimportandalsowhenthegoodsareremovedfromZeroGSTwarehousesMaritimeSingaporeGreenInitiativeProvideincentives tocompanies thatadoptcleanandgreenshippingpracticesoverandabove theminimumrequiredbyInternationalMaritimeOrganization(IMO)ConventionsRefundableInvestmentCreditSupportqualified firmsindevelopinghigh-valueandsubstantiveeconomicactivitiesinkeysectorsandnewgrowthareasinSingaporeTAXINCENTIVES