Is your foreign worker quota at risk? Following the Singapore Budget 2026 announcements, the Local Qualifying Salary (LQS) is set to rise from $1,600 to $1,800 effective 1 July 2026. This shift creates a "Salary Cliff" that could reduce your hiring quota overnight. Read our guide to see the new LQS-to-Quota conversion tables, learn how to maximize the enhanced 30% PWCS co-funding, and ensure your SME remains compliant while protecting your bottom line.

The latest Singapore Budget 2026 introduces major updates affecting taxation, workforce costs, foreign worker policies, innovation funding, and business expansion support. For SMEs operating in Singapore, these changes present both opportunities and challenges — from tax savings and government grants to higher salary requirements and workforce restructuring.  Beyond immediate support measures, the budget also advances a refreshed economic strategy focused on innovation, inte