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SINGAPORE CORPORATE TAX

If you’re planning to or already registered your company in Singapore, you’re required to file your corporate tax according to the country’s regulations. Engage our Singapore corporate tax filing services for strategic tax planning.

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Singapore Corporate Tax2022-08-23T13:29:46+08:00

CORPORATE TAX IN SINGAPORE

Many investors choose Singapore to start their company as the country is a tax haven jurisdiction. The low corporate tax rate of 17% and business-friendly taxation policies make Singapore an attractive destination for businesses.

Singapore corporate tax rate 17%

NEW START-UP TAX EXEMPTIONS IN SINGAPORE

Just started your new Singapore company? Tap on the new Tax Exemption Scheme to enjoy tax-free operations for the first 3 Year of Assessment (YA). You can also continue to enjoy Partial Tax Exemption (PTE) from the fourth year onwards.

Tax exemptions in Singapore

Here’s what you need to know.

REDUCE YOUR SINGAPORE CORPORATE TAX BILL

TAX EXEMPTION FOR NEW START UP COMPANIES

1-3 YAs
75% tax exemption
50% tax exemption
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CHECK YOUR TAX PAYABLE

Enter your chargeable income to generate the net tax payable for new startup exemptions and partial tax exemptions.

New Start-Up exemptions (first 3 years)
Net tax payable
Effective tax rate
Partial Tax exemption
Net tax payable
Effective tax rate

OUR SINGAPORE CORPORATE TAX SERVICES

Engage us as your trusted corporate tax specialist with these corporate tax services. You’ll get a peace of mind on all taxation regulations and requirements, so the focus can be on your company.

Types of corporate tax services
  • Keep you updated on the Singapore tax regulations and compliance requirements
  • Monitor the statutory deadlines and meet compliance filing deadlines
  • Preparation and filing an estimated chargeable income
  • Preparation and reviewing of tax provision calculations
  • Preparation and reviewing the tax computation and Form C
  • Submission of finalised tax computation and Form C
  • Provide advice on the tax payments due dates upon receipt of Assessments

Singapore Corporate Tax FAQs

We’ve picked the top 4 questions that we get asked the most when it comes to Singapore corporate tax. Check them out below.

How does corporate tax work in Singapore?2022-06-27T12:21:16+08:00

Singapore corporate tax leverages on the territorial tax system and levies taxes on profits instead of revenue. All the profits generated by your Singapore company is taxed at a flat rate of 17%.

How much does it cost for corporate tax filing in Singapore?2022-06-27T12:20:48+08:00

For our existing clients, tax computation and filing is S$600. For new clients, do reach out to us so we can understand more about your tax filing requirements.

What are the filing deadlines I need to take note of?2022-06-27T12:19:30+08:00

The tax filing deadlines are as follows:
Financial Year End (FYE)
You can choose any date, like March 31st basic deadline for filing your reports

Estimated Chargeable Income (ECI)
3 months after FYE
Your filed taxable income minus all tax-allowable expenses

C-S/C Annual Tax Returns
November 30th year after the FYE
Report your taxes following the Singapore standards

How is Income Assessed in Singapore?2022-06-27T12:20:27+08:00

Income is assessed on a preceding year basis. This means that the basis period for any Year of Assessment (YA) generally refers to the financial year ending in the year preceding the YA.

Undecided or got questions

Got questions for Singapore corporate tax?

Speak to our consultations today to gain clarity to your questions today.

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SINGAPORE CORPORATE TAX ARTICLES

Get insights on the Singapore corporate tax landscape so you understand the exemptions that you can have for your business and more.

Ultimate guide: Singapore Corporate Tax System
What's the income tax rate in Singapore?
How can Foreigners Benefit from Singapore Income Tax Act?
Why choose Singapore as tax haven

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With strong presence in Singapore, and other key Asian markets, we are effective in planning and advising corporate taxation.

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Reach out to us for a complimentary consultation and find out more
about our Singapore corporate taxation services today.

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