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# What is the corporate tax rate in Singapore?

Singapore has a single-tier territorial-based flat-rate corporate income tax system. 

Corporate Income Tax is assessed on a preceding year basis in Singapore. Singapore’s Corporate Income Tax is at a flat rate of 17% of its chargeable income. 
Chargeable income refers to your company's taxable income (after deducting tax-allowable expenses) for a Year of Assessment (YA).
Learn more about taxable and non-taxable income and business expense: 
* -  https://www.iras.gov.sg/taxes/corporate-income-tax/income-deductions-for-companies/taxable-non-taxable-income 
* -  https://www.iras.gov.sg/taxes/corporate-income-tax/income-deductions-for-companies/business-expenses