The Inland Revenue Authority of Singapore (IRAS) published updated guidance on 24 July 2024 to explain the CIT Rebate for the Year of Assessment 2024 and the CIT Rebate Cash Grant --- CIT Rebate for the Year of Assessment ("YA") 2024 and a CIT Rebate Cash Grant [UPDATED!] As announced in Budget 2024, to help companies manage rising costs, a CIT Rebate of 50% of the corporate tax payable will be granted to all taxpaying companies, whether tax resident or not, for YA 2024. Companies that have employed at least one local employee in 2023 (referred to as "local employee...