• 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-taSome readers

• What does Estimated Chargeable Income mean?

  The Estimated Chargeable Income or ECI is the company’s estimated amount of taxable income for an accounting period. The amount should exclude tax allowable expenses incurred during the Year of Assessment (YA).Few readers

• 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 TFew readers