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# Are there any tax exemptions in Singapore?

The tax exemption scheme for new start-up companies and partial tax exemption scheme for companies are tax reliefs available to reduce companies’ tax bills. 
The tax exemptions for qualifying companies for their first 3 consecutive YAs are as follows:
* -  75% exemption on the first $100,000 of normal chargeable income*; and
* -  A further 50% exemption on the next $100,000 of normal chargeable income*.
_**Normal chargeable income refers to income to be taxed at the prevailing Corporate Income Tax rate of 17%._

Your company is eligible for the tax exemption scheme for new companies for its first 3 consecutive YAs if it meets all the qualifying conditions. Link: https://www.iras.gov.sg/quick-links/tax-rates/corporate-income-tax-rates#qualifying-conditions