economy
February 13, 2026
Singapore launches AI support measures, tax breaks in 2026 Budget
Support measures and tax breaks were announced for firms using AI to transform their businesses.
TL;DR
- Singapore to launch a national AI council chaired by Prime Minister Lawrence Wong.
- New 'Champions of AI' program to support firms in AI adoption and workforce training.
- Enterprise Innovation Scheme to include AI expenditures with a 400% tax deduction.
- Redesign of Skillsfuture website to clarify AI learning pathways, with free access to premium AI tools for trainees.
- Additional S$1.5 billion injection into the Financial Sector Development Fund to boost the stock market and fund management industry.
- Measures to streamline listing rules and establish a dual-listing bridge between SGX and Nasdaq.
- Singapore forecasts a S$8.5 billion fiscal surplus for FY2026, with revenue driven by economic performance and tax collections.
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