--- title: "Singapore Budget 2025: Disbursement Timeline for Business Owners and SMEs" description: Join The Financial Coconut for insights on personal finance, investing, and wealth-building strategies. Start your path to financial literacy today! --- # [Singapore Budget 2025: Disbursement Timeline for Business Owners and SMEs](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-business-owners) Written by [The Financial Coconut](https://www.thefinancialcoconut.com/blog/author/the-financial-coconut) | Feb 18, 2025 3:12:45 PM   Singapore’s Budget 2025 introduces a range of measures to support business owners and SMEs, addressing key pain points such as rising costs, cash flow challenges, and the need for international expansion. With a focus on financial relief, innovation, and growth, the government is rolling out several initiatives to help businesses thrive in a competitive global economy. Here’s a **timeline of key disbursements and support measures** that matter most to business owners: ### **April 2025** - **[Enterprise Financing Scheme](https://www.enterprisesg.gov.sg/financial-support/enterprise-financing-scheme---trade-loan) (EFS) – Trade Loan Enhancements**: - The maximum loan quantum under the EFS – Trade Loan will be **permanently increased from 5 million to 10 million**. This will help businesses meet their trade financing needs, especially amid elevated costs, and support their internationalization efforts. - **Eligibility**: Open to all Singapore-based enterprises. ### **May 2025** - **[Corporate Income Tax](https://www.iras.gov.sg/taxes/corporate-income-tax/basics-of-corporate-income-tax/corporate-income-tax-rate-rebates-and-tax-exemption-schemes) (CIT) Rebate and Cash Grant**: - Businesses will receive a **50% CIT rebate** on their tax payable for the Year of Assessment (YA) 2025, with a **minimum benefit of $2,000** in the form of a CIT Rebate Cash Grant. - The total maximum benefit (CIT Rebate + Cash Grant) is capped at **$40,000 per company**. - **Eligibility**: Companies must have employed at least one local employee (Singapore Citizen or Permanent Resident) in 2024 and made CPF contributions for them. - **Disbursement**: Benefits will be automatically credited from Q2 2025. ### **June 2025** - **[Progressive Wage Credit Scheme](https://www.iras.gov.sg/schemes/disbursement-schemes/progressive-wage-credit-scheme) (PWCS) Enhancements**: - The PWCS co-funding support for wage increases given in 2025 will be **increased from 30% to 40%**. This applies to wage increases for lower-wage workers earning up to 3,000 before the increase and up to 4,000 after the increase. - **Eligibility**: Employers must sustain the wage increase for at least two years. - **Disbursement**: Payouts will be made in Q1 2026. ### **July 2025** - **[Double Tax Deduction for Internationalisation](https://www.iras.gov.sg/taxes/corporate-income-tax/income-deductions-for-companies/business-expenses/double-tax-deduction-for-internationalisation-scheme) (DTDi) Scheme Extension**: - The DTDi scheme, which allows businesses to claim a **200% tax deduction** on qualifying market expansion and investment development expenses, will be extended until **31 December 2030**. - **Eligibility**: Businesses engaging in overseas market promotion, business development, and market set-up activities. ### **October 2025** - **Mergers and Acquisitions (M&A) Scheme Extension**: - The M&A scheme, which provides tax benefits for qualifying acquisitions, will be extended until **31 December 2030**. - Businesses can claim: - An [**M&A allowance**](https://www.iras.gov.sg/taxes/corporate-income-tax/income-deductions-for-companies/claiming-allowances/mergers-acquisitions-(m-a)-allowance) of 25% of up to $40 million of the acquisition value. - A **200% tax deduction** on transaction costs, capped at $100,000 per Year of Assessment. - **Eligibility**: Singapore companies making qualifying acquisitions of ordinary shares in another company. ### **January 2026** - **[Progressive Wage Credit Scheme](https://www.iras.gov.sg/schemes/disbursement-schemes/progressive-wage-credit-scheme) (PWCS) Enhancements for 2026**: - The PWCS co-funding support for wage increases given in 2026 will be **increased from 15% to 20%**. - **Eligibility**: Employers must sustain the wage increase for at least two years. - **Disbursement**: Payouts will be made in Q1 2027. ### **Ongoing Support Throughout 2025 and Beyond** - **Enterprise Financing Scheme (EFS) – Mergers and Acquisitions Loan Enhancements**: - From **1 April 2025**, the scope of the EFS – M&A Loan will be expanded to support **targeted asset acquisitions**, in addition to equity acquisitions. - **Eligibility**: Singapore enterprises pursuing inorganic growth opportunities. - **Market Readiness Assistance (MRA) Grant Extension**: - The enhanced grant cap of **$100,000 per new market** under the MRA grant will be extended until **31 March 2026**. - **Eligibility**: SMEs looking to expand into new overseas markets. - **Land Intensification Allowance (LIA) Scheme Extension**: - The LIA scheme, which encourages businesses to intensify land use, will be extended until **31 December 2030**. - **Eligibility**: Businesses investing in qualifying buildings and meeting land use requirements. ### **A Budget for Business Growth and Resilience** Budget 2025 plans to support business owners and SMEs in navigating rising costs, expanding internationally, and fostering innovation. From **tax rebates** and **wage co-funding** to **enhanced financing schemes**, the government is committed to helping businesses thrive in a challenging economic environment. For business owners, this Budget offers not just financial relief but also opportunities to scale, innovate, and compete globally. As PM Wong aptly put it, this is a Budget for all Singaporeans, shaped by all Singaporeans, ensuring that no one is left behind. *Stay tuned to Financial Coconut for more insights on how Budget 2025 impacts your finances.* Read more about [Singapore Budget](https://www.thefinancialcoconut.com/blog/tag/singapore-budget); you may also be interested in these articles: - [Singapore Budget Summary](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-all) - [Singapore Budget for Working Professionals](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-working-professionals) - [Singapore Budget 2025: Disbursement Timeline for Working Professionals](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-working-professional) - [Singapore Budget 2025: 6 Key Support Measures for Working Adults with Elderly Parents](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-elderly-parents) - [Singapore Budget 2025: Disbursement Timeline for Business Owners and SMEs](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-business-owners) - [SG Budget 2025: How Much Will Parents Save on Their Kids (Monthly) with More Support Given](https://www.thefinancialcoconut.com/blog/sg-budget-2025-how-parents-save-on-their-kids) - [SG Budget 2025: Fresh SGD 10,000 SkillsFuture Credit for SME Workforce Transformation](https://www.thefinancialcoconut.com/blog/sg-budget-2025-for-sme-workforce-transformation) - [SG Budget 2025: Accelerating Clean Living with EV Incentives in Singapore](https://www.thefinancialcoconut.com/blog/sg-budget-2025-ev-incentives) - [Singapore Budget 2025: Key Support Measures for Business Owners and SMEs](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-business-owners-and-smes) - [Singapore Budget 2025: Strategic Levers for Business Growth and Innovation](https://www.thefinancialcoconut.com/blog/singapore-budget-2025-for-business-growth-and-innovation) You can now be our community contributor and make a [pitch ](https://thefinancialcoconut.com/contact/)to have your favourite personality be on our show. 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