# #SGBudget2026: supporting local enterprises

- Date: 2026-03-13
- Who: govsg (Government of Singapore) · govsg
- Source: https://www.youtube.com/watch?v=5jqp4Cw6sqM
- sgai: https://sgai.md/videos/v047/
- License: sgai-authored content (summaries, translations, analysis) is CC BY 4.0 — attribute and link to sgai.md. Verbatim source text (Hansard, speeches, transcripts, policy documents) remains © its original rights holders and is reproduced for reference only. Terms: https://github.com/meltflake/sgai/blob/main/DATA-LICENSE.md

## Why it matters

Singapore has named its AI adoption plan "Champions of AI" for the first time, directly incorporating it into regular EIS and PSG subsidies rather than establishing a new dedicated fund, highlighting that AI policy has shifted toward fiscal leverage rather than strategic announcements

## Summary

Three enterprise support measures in Budget 2026: a 40% corporate tax rebate, an enhanced MRA internationalisation grant, and support for enterprise AI adoption via the Champions of AI programme together with EIS and PSG.

## Key points

- A 40% corporate income tax rebate applies to active companies for Year of Assessment 2026.
- The Market Readiness Assistance grant is enhanced to support both new market expansion and existing market deepening.
- The Anchor Fund gets a S$1.5 billion top-up; the Financial Sector Development Fund adds S$5 billion for the equity market.
- A new Champions of AI programme works alongside the enhanced EIS and PSG to push enterprise AI adoption.

## Full text

© govsg — reproduced for reference only.

Budget 2026 will help firms manage costs [music] and stay competitive. Active companies will receive a 40% corporate income tax rebate for the [music] year of assessment 2026 to help with cost pressures and operating challenges. Local companies will receive more support to internationalize. [music] We will increase grant support for companies of all sizes to [music] expand overseas to new markets. We will also enhance the market readiness assistance grant to support companies to deepen their presence [music] in their existing markets. An additional $1. 5 billion will be injected [music] into the Anker fund to support the public listings of high growth companies in Singapore. The financial sector development fund will also receive a $ 1.

5 billion topup to expand the equity market development [music] program and strengthen our equities market. To accelerate AI [music] adoption, a new champions of AI program will be launched to help businesses leverage AI for enterprise transformation and workforce [music] training. Companies can tap on the enhanced enterprise innovation scheme which will include AI expenditures as a qualifying [music] activity. Existing support schemes like the productivity solutions grant will also be strengthened to help companies adopt AI enabled solutions.