Singapore Corporate Income Tax: Rate and Exemptions

Singapore’s corporate income tax rate is 17%, and tax exemption schemes on chargeable income mean the effective rate is usually lower.

Start-up Tax Exemption

Qualifying new companies enjoy a higher exemption on a portion of their chargeable income for their first 3 Years of Assessment. Property developers and investment holding companies generally do not qualify.

Partial Tax Exemption

Companies that do not qualify for the start-up exemption can still enjoy a partial exemption on a portion of their chargeable income.

Filing deadlines

• Estimated Chargeable Income (ECI): within 3 months after the financial year end (unless exempt)
• Form C-S / C-S (Lite) / C: by 30 November each year

Please refer to IRAS for the exact exemption amounts and conditions. We can compute your actual tax payable.

This article is general information only and does not constitute professional advice. Rules may change — please refer to the latest guidance from ACRA, IRAS and MOM, or contact us for advice on your situation.