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Retained

  • Statutory Tax Rate 17
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 17

Statutory Tax Rate

The corporate income tax rate is 17% with a partial exemption of 75% on the first SGD 10,000 and 50% on the next SGD 190,000 (reduced from SGD 290,000 effective from year of assessment 2020) of the company's chargeable income. Qualifying new companies will be eligible for exemption of 75% (reduced from 100% effective from year of assessment 2020) on the first SGD 100,000 and 50% on the following SGD 100,000 (reduced from SGD 200,000 effective from year of assessment 2020) each year for the first 3 years of assessment falling in or after the year of assessment 2020.