Featured image for A1 Accounting’s guide to the Enterprise Innovation Scheme (EIS) AI tax deduction announced at Singapore Budget 2026. Businesses can claim 400% tax deductions on qualifying AI expenditure, capped at S$50,000 per Year of Assessment for YA 2027 and YA 2028 — a maximum tax saving of approximately S$34,000 per year. The FY2026 qualifying window is open now for December year-end companies.