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Where to apply for some tax incentives?

There are various types of tax incentives available to companies and these are provided in the Singapore Income Tax Act (ITA) and Economic Expansion Incentives Act (EEIA). Some of the tax incentives available are listed in the table below.

Governing legislation Types of incentives  Where to apply
ITA/S13F Approved International Shipping Enterprise MPA www.mpa.gov.sg
ITA/S13H Approved Venture Company EDB www.edb.gov.sg
ITA/S14B Further deduction of expenses relating to Approved Trade Fairs, Trade Exhibitions, Trade Missions or to maintain overseas Trade Office IE Singapore www.iesingapore.gov.sg
ITA/S14E Further deduction of expenses on Research and Development Project EDB www.edb.gov.sg
ITA/S14O Tax deduction of special reserves for catastrophic risks of approved general insurers MAS www.mas.gov.sg
ITA/S19C Writing down allowance for cost sharing agreement EDB www.edb.gov.sg
ITA/S43(9) Concessionary rate of tax for income of life insurance companies apportioned to policyholders
ITA/S43C Concessionary rate of tax for approved offshore general insurance companies MAS www.mas.gov.sg
ITA/S43C Concessionary rate of tax for approved offshore life insurance companies MAS www.mas.gov.sg
ITA/S43C Concessionary rate of tax for approved offshore composite insurance companies MAS www.mas.gov.sg
ITA/S43C Exemption of tax for approved marine hull and liability insurer (onshore and offshore business) MAS www.mas.gov.sg
ITA/S43C Exemption of tax for approved offshore captive insurance companies MAS www.mas.gov.sg
ITA/S43C Exemption of tax for approved insurer underwriting offshore qualifying specialised insurance risk MAS www.mas.gov.sg
ITA/S43E Concessionary rate of tax for Approved Operational Headquarters (OHQs) EDB www.edb.gov.sg
ITA/S43G Concessionary rate of tax for Approved Finance and Treasury Centre EDB www.edb.gov.sg
ITA/S43Q Concessionary rate of tax for Financial Sector Incentive Companies MAS www.mas.gov.sg
ITA/S43P Approved Global Trading Company IE Singapore www.iesingapore.gov.sg
EEIA/ Part II Pioneer Industries EDB www.edb.gov.sg
EEIA/ Part III Pioneer Service Companies EDB www.edb.gov.sg
EEIA/Part IIIB Approved Shipping Logistics Enterprise MPA www.mpa.gov.sg
EEIA/ Part IIIB Development & Expansion Incentive EDB www.edb.gov.sg
EEIA/Part X Investment Allowances EDB www.edb.gov.sg
EEIA/Part XIIIB Overseas Enterprise Incentive IE Singapore www.iesingapore.gov.sg
EEIA/Part VIA Export Service Company EDB www.edb.gov.sg

 

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Paul Hype Page & Co. is an ACRA-certified business adviser. Our team of seasoned professional can help you set up a company in Singapore very quickly and easily following all legal entities, and offer you sound advice on how to make it successful too.

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To further aid you, we have provided here a resource area with industry specific information and other industry resources to help you successfully start and run your business.

  1. Singapore Business Opportunities 
  2. Singapore Business Licences
  3. Singapore Tax Planning
  4. Singapore Company Incorporation
  5. Singapore Company Yearly Statutory Requirements
  6. Singapore Working Visa Guide
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[…] tax incentive which is highly useful to corporations is the Productivity and Innovative Credit scheme. Companies […]

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