What is the corporate tax rate in Singapore?

Updated time: Dec 26, 2015 , 12:22 (UTC+08:00)

Singapore has a flat corporate income tax rate of 17%. For annual profits of up to S$300,000, tax incentives are available that make the effective corporate tax rate below 9%. For example:

Newly incorporated companies with individual shareholders will be taxed as follows:

  • The first S$100,000 in annual profits will be tax exempt for the first three years.
  • The next S$200,000 in annual profits will be taxed at 8.5%.
  • Profits above S$300,000 will be taxed at the flat rate of 17%.

Newly incorporated companies with corporate shareholders will be taxed as follows:

  • The first S$300,000 in annual profits will be taxed at 8.5%.
  • Profits above S$300,000 will be taxed at the flat rate of 17%.


Related Articles

  1. What is Bookeeping/Accounting/Audit services?
  2. What is difference on Annual return and Tax return?
  3. What we do with Bookeeping, Accounting, Audit?
  4. Which country required Tax return/filling?
  5. What is GST tax in Singapore?
  6. Does my Businesses/Company Required to Register for GST?