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  1. Corporate Income Tax (CIT) Rate. Your company is taxed at a flat rate of 17% of its chargeable income. This applies to both local and foreign companies. CIT Rebate for the Year of Assessment ("YA") 2024 and a CIT Rebate Cash Grant. [UPDATED!]

  2. A basic guide to learn about Corporate Income Tax in Singapore e.g. tax rates, Year of Assessment, filing obligations, and tips for new companies.

  3. May 30, 2024 · Tax on corporate income is imposed at a flat rate of 17%. A partial tax exemption and a three-year start-up tax exemption for qualifying start-up companies are available. Partial tax exemption (income taxable at normal rate):

  4. Income derived by companies in Singapore is taxed at a flat rate of 17%. The start-up tax exemption scheme encourages entrepreneurship by providing newly incorporated companies some exemption on their taxable profits in their first three years of operation.

  5. Mar 11, 2024 · How Much Is The Corporate Tax In Singapore? The corporate tax rate for both local and foreign companies in Singapore is a flat 17%. This is chargeable on a company’s income (or profits). As Singapore operates on a one-tier corporate tax system, this is the only corporate tax levied on companies.

  6. Corporate tax rates table. KPMG’s corporate tax table provides a view of corporate tax rates around the world. Use our interactive Tax rates tool to compare tax rates by country or region.

  7. Mar 21, 2024 · What Is the Current Corporate Tax Rate in Singapore and How to Calculate It? For fiscal year 2024, the corporate income tax rate in Singapore is 17%. Singapore's flat and fixed tax rate makes it an attractive destination for businesses. To determine your business tax, follow these steps. 1.