info@singaporecompanyincorporation.sg
Singapore Company Incorporation

Singapore Company Registration Services

  • Home
  • Services
    • Our Services
    • Company Incorporation Services
    • Relocation and Immigration Services
    • Accounting and Tax Services
    • Corporate Compliance Services
    • Offshore Incorporation Services
  • Learning Centre
    • Learn About
    • Singapore Company Setup
    • Trademark Registration
    • Immigration and Relocation
    • Corporate & Personal Taxation
    • Offshore Incorporation
    • Resources
    • Infographics
    • Comparative Reports
    • Frequently Asked Questions
  • Tools
    • Company Name Check
    • Tax Calculators
    • Corporate Tax Calculator
    • Personal Tax Calculator
  • Community
    • Get the Latest Updates
    • Blog
    • Press Releases
  • Contact
You are here: Home / Frequently Asked Questions / Tax Exemptions for Singapore Companies

Tax Exemptions for Singapore Companies

 

What are the tax exemptions available for new companies in Singapore?

Qualifying new companies are given the following tax exemption for the first three consecutive YAs:

  • YA 2020 onwards: 75% exemption on the first $100,000 of normal chargeable income; and; a further 50% tax exemption on the next $100,000 of normal chargeable income.
  • YA 2010 to 2019: Full exemption on the first $100,000 of normal chargeable income; and a further 50% exemption on the next $200,000 of normal chargeable income.

What are the partial tax exemptions available to all companies in Singapore?

  • YA 2020 onwards: 75% exemption on the first $10,000 of normal chargeable income; and a further 50% tax exemption on the next $190,000 of normal chargeable income.
  • YA 2010 to 2019:75% tax exemption on the first $10,000 of normal chargeable income; and a further 50% tax exemption on the next $290,000 of normal chargeable income.

What are the Corporate Income Tax (CIT) rebates available to all companies in Singapore?

Corporate income tax rebate is given to all companies to ease business costs and support restructuring by companies and is applicable for YA 2013 to YA 2019. Corporate income tax rebate is computed on the tax payable after deducting tax set-offs (e.g. foreign tax credit).
All companies will receive a corporate income tax rebate of the following:

  • 20% corporate income tax rebate, capped at $10,000 for YA 2019;
  • 40% corporate income tax rebate, capped at $15,000 for YA 2018;
  • 50% corporate income tax rebate, capped at $25,000 for YA 2017;
  • 50% corporate income tax rebate, capped at $20,000 for YA 2016; and
  • 30% corporate income tax rebate, capped at $30,000 per YA for YA 2013 to YA 2015.

Are you seeking more answers? We’re here to help you.

We can be your bookkeeper, accountant, controller, business advisor, part-time CFO — or your entire Accounting and Finance department.

Contact Us

Talk To Our Taxation Experts

  • This field is for validation purposes and should be left unchanged.

Learning Centre

  • Incorporate Company
  • Trademark Registration
  • Relocation and Employment Visas
  • Taxation & Accounting
  • Offshore Incorporation

Incorporation

  • Company Incorporation Singapore
  • How to Register Company in Singapore
  • Subsidiary Company Registration
  • Branch Office Registration

Immigration

  • Singapore Work Visas
  • Employment Pass
  • Entrepreneur Pass
  • Personalised EP
  • Permanent Residence

Tax & Accounting

  • Corporate Tax Guide
  • Personal Tax Guide
  • Goods & Services Tax
  • Bookkeeping & Financial Statements
  • Payroll Services

Corporate

  • Corporate Secretary
  • Business Licenses
  • Trademark Registration
  • Statutory Compliance
  • De-Registration/Strike Off

Tools

  • Company Name Check
  • Personal Income Tax Calculator
  • Corporate Tax Calculator

Copyright © 2025 Singapore Company Registration & Work Visa Specialists. All Rights Reserved. | Privacy Policy | Terms of Use