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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 legislationTypes of incentives Where to apply
ITA/S13FApproved International Shipping EnterpriseMPA www.mpa.gov.sg
ITA/S13HApproved Venture CompanyEDB www.edb.gov.sg
ITA/S14BFurther deduction of expenses relating to Approved Trade Fairs, Trade Exhibitions, Trade Missions or to maintain overseas Trade OfficeIE Singapore www.iesingapore.gov.sg
ITA/S14EFurther deduction of expenses on Research and Development ProjectEDB www.edb.gov.sg
ITA/S14OTax deduction of special reserves for catastrophic risks of approved general insurersMAS www.mas.gov.sg
ITA/S19CWriting down allowance for cost sharing agreementEDB www.edb.gov.sg
ITA/S43(9)Concessionary rate of tax for income of life insurance companies apportioned to policyholders
ITA/S43CConcessionary rate of tax for approved offshore general insurance companiesMAS www.mas.gov.sg
ITA/S43CConcessionary rate of tax for approved offshore life insurance companiesMAS www.mas.gov.sg
ITA/S43CConcessionary rate of tax for approved offshore composite insurance companiesMAS www.mas.gov.sg
ITA/S43CExemption of tax for approved marine hull and liability insurer (onshore and offshore business)MAS www.mas.gov.sg
ITA/S43CExemption of tax for approved offshore captive insurance companiesMAS www.mas.gov.sg
ITA/S43CExemption of tax for approved insurer underwriting offshore qualifying specialised insurance riskMAS www.mas.gov.sg
ITA/S43EConcessionary rate of tax for Approved Operational Headquarters (OHQs)EDB www.edb.gov.sg
ITA/S43GConcessionary rate of tax for Approved Finance and Treasury CentreEDB www.edb.gov.sg
ITA/S43QConcessionary rate of tax for Financial Sector Incentive CompaniesMAS www.mas.gov.sg
ITA/S43PApproved Global Trading CompanyIE Singapore www.iesingapore.gov.sg
EEIA/ Part IIPioneer IndustriesEDB www.edb.gov.sg
EEIA/ Part IIIPioneer Service CompaniesEDB www.edb.gov.sg
EEIA/Part IIIBApproved Shipping Logistics EnterpriseMPA www.mpa.gov.sg
EEIA/ Part IIIBDevelopment & Expansion IncentiveEDB www.edb.gov.sg
EEIA/Part XInvestment AllowancesEDB www.edb.gov.sg
EEIA/Part XIIIBOverseas Enterprise IncentiveIE Singapore www.iesingapore.gov.sg
EEIA/Part VIAExport Service CompanyEDB 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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  • Write a business plan – Learn how to write a compelling business plan by accessing our sample business plans, or other helpful market research information
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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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