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 filing services for corporate tax in Singapore and reap the benefits of strategic tax planning.
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 companies do not have to pay corporate taxes to tax authorities of more than one country the use of double taxation agreements (DTAs) with over 80 countries where Singapore firms can claim.
How to File Your Yearly Corporate Tax Filing?
Types of Corporate Tax in Singapore & Their Rates
Find out the corporate tax rates below.
Type of corporate tax | Tax rate % |
Headline Tax on corporate profits | 17% |
Effective Tax on newly start up company on $300k Profits is | 7.34% |
Effective Tax on existing company incorporated more than 3 years on $300k Profits is | 8.39% |
Tax rate on one off capital gains from company’s divestment | 0% |
Tax rate on dividends distributed to local and overseas shareholders | 0% |
Tax rate on foreign-sourced income not accruing in or derived from Singapore | 0% |
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. Find out more about the ins and outs of corporate tax in Singapore here at Paul Hype Page & Co.
Here’s what you need to know.
Singapore Corporate Tax Rate
The Singapore corporate tax rate is at 17%. This is a flat rate on chargeable income, regardless of whether it is a local or foreign company
Requirements for the Company Tax Exemption Scheme
To qualify for the tax exemption, the company must:
- Be incorporated in Singapore
- Be a tax resident in Singapore for the Year Assessed
- Have no more than 20 shareholders throughout the basis period of the Year Assessed
- Have its shareholders beneficially and directly holding the issuing shares in their own names OR have at least one shareholder beneficially and directly holding at least 10% of the issued ordinary shares of the company

Company Tax Exemption Scheme for New Startup Companies
If your company satisfies the qualifying conditions, you are eligible for the tax exemption scheme. You can claim a 75% tax exemption on the first S$100,000 and a 50% tax exemption on the next S$100,000 of normal chargeable income for each of the first 3 consecutive years of assessment.
Reduce Your Singapore Corporate Tax Bill
The tax exemptions for qualifying companies (e.g. new start-up companies) for their first 3 consecutive YAs are as follows:
75% TAX EXEMPTION | For FIRST $100,00 Normal Chargeable Income |
50% TAX EXEMPTION | For NEXT $100,00 Normal Chargeable Income |
Here are other ways to reduce corporate tax, aside from the new start-up exemption:
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.