--- title: "Singapore introduced artificial intelligence support measures and tax reductions in this year's budget proposal" type: "News" locale: "en" url: "https://longbridge.com/en/news/275777312.md" description: "Singapore introduced a series of artificial intelligence support measures in this year's budget, including tax reductions for businesses and AI skills training for employees. Prime Minister Jensen Huang announced the establishment of the \"National Artificial Intelligence Council\" and launched the \"AI Pioneer\" program to support business transformation. The Business Innovation Program will be expanded, allowing eligible expenditures to enjoy a 400% tax deduction, including AI expenditures, limited to SGD 50,000 per year in 2027 and 2028" datetime: "2026-02-12T14:33:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275777312.md) - [en](https://longbridge.com/en/news/275777312.md) - [zh-HK](https://longbridge.com/zh-HK/news/275777312.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275777312.md) | [繁體中文](https://longbridge.com/zh-HK/news/275777312.md) # Singapore introduced artificial intelligence support measures and tax reductions in this year's budget proposal Singapore has launched a series of initiatives to leverage artificial intelligence (AI), including tax reductions for businesses and support for employees to learn AI skills. Prime Minister Jensen Huang announced that Singapore will establish a "National Artificial Intelligence Council," which he will chair. In terms of measures, Singapore will launch a new "AI Pioneer" program to support companies looking to transform their businesses using artificial intelligence. Support will be tailored to the needs of each company, including business transformation and employee training. The country will also expand its corporate innovation program, providing a 400% tax deduction for eligible expenditures. Such expenditures will be extended to include AI spending, with an annual cap of SGD 50,000 (USD 39,654) for the years 2027 and 2028 ### Related Stocks - [FTSE Straits Times Index (STI.SG)](https://longbridge.com/en/quote/STI.SG.md) ## Related News & Research - [Singapore to raise baseline monthly wage for food services workers to over $1,700](https://longbridge.com/en/news/279534550.md) - [Singapore launches National AI Impact Program to strengthen AI capabilities across enterprises and workers](https://longbridge.com/en/news/277590471.md) - [Is AI Genuinely Moving The Needle? Track These Metrics](https://longbridge.com/en/news/279633211.md) - [Jefferies' Goodman: 'Early' in the AI Disruption Story](https://longbridge.com/en/news/279393269.md) - [Layoffs or an AI pivot? It's hard to tell the difference now](https://longbridge.com/en/news/279028152.md)