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Corporate Income Tax. There is a revised edition of the Income Tax Act with effect from 31 Dec 2021 and some provisions of the Act have been renumbered. You may view the Income Tax Act 1947 (2020 Revised Edition) online at the Singapore Statutes Online website.
- IRAS | Basic Guide to Corporate Income Tax for Companies
A basic guide to learn about Corporate Income Tax in...
- IRAS | Basic Guide to Corporate Income Tax for Companies
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.
May 30, 2024 · Learn how Singapore taxes corporate income of resident and non-resident companies, with a flat rate of 17% and partial and start-up exemptions. Find out about the CIT rebate cash grant and the one-tier taxation system.
- Start-Up Tax Exemption Scheme
- Partial Tax Exemption Scheme
- Group Relief
- Merger & Acquisition (“M&A”) Allowance Scheme
- Double Tax Deduction For Internationalisation Scheme
- Tax Incentives
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Income derived by companies in Singapore is taxed at a flat rate of 17%. The start-up tax exemption scheme provides newly incorporated companies some exemption on their taxable profits in their first three years of operation. Please refer to IRAS’ websitefor more details on the start-up tax exemption scheme and the qualifying conditions.
The Government recognises that small- and medium-sized enterprises (SMEs) are an important component of a vibrant economy. To help such companies grow and establish themselves, the Government has put in place a partial tax exemption scheme designed to benefit SMEs. For more details on the partial tax exemption scheme, please refer to IRAS’ website.
As companies grow and expand their operations, they may organise themselves as multiple holding companies, subsidiaries and associate companies to manage liabilities. Under Singapore’s group relief system, current year unutilised losses, donations and unabsorbed capital allowances may be transferred to related companies within the group. This reduc...
The M&A scheme aims to facilitate mergers and acquisitions, with a focus on developing a vibrant and dynamic SME sector. For further details of the M&A scheme and qualifying criteria, please refer to IRAS’ e-tax guide () on the M&A scheme.
The Double Tax Deduction for Internationalisation (“DTDi”) scheme provides support to businesses as they venture into international markets. For more details, please refer to IRAS’ website.
Singapore adopts the use of tax incentives as one of the tools to encourage new and high-growth activities. Tax incentives are granted only for qualifying activities and the associated income. Income arising from non-qualifying activities will be taxed at the Corporate Income Tax rate. Read more.
Learn how Singapore's tax system encourages economic growth and internationalisation for businesses. Find out about tax exemptions, incentives, deductions, and treatment of foreign-sourced income.
Jan 10, 2022 · Learn how to calculate corporate tax in Singapore, a flat 17% rate for all companies, and the tax incentives for new and existing businesses. Find out the eligibility criteria and benefits of the tax exemption scheme for new start-up companies.
Mar 11, 2024 · Learn how Singapore taxes companies based on their income, nationality and activities. Find out the corporate tax rate, rebate, exemption and relief schemes for different types of companies.
5 days ago · Singapore sets a corporate income tax rate of 17% on chargeable income for the Year of Assessment (YA), which applies to all tax-resident companies. Some companies are also expected to file their Estimated Chargeable Income (ECI). The Start-Up Tax Exemption and Partial Tax Exemption schemes offer tax relief, while tax incentives are available ...
