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U Ventures Pte Ltd | Corporate Tax
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Corporate Tax

In encouragement of the business start ups in Singapore, the local tax authorities (Inland Revenue Authorities of Singapore) has provided new start-ups tax exemption as follows:

Tax Exemption on First $300,000 of Chargeable Income

 Chargeable Income % Exempted from Tax Amount Exempted from Tax
First $100,000 100% $100,000
Next $200,000 50% $100,000

The maximum exemption to be enjoyed is $200,000 ($100,000 + $100,000).

 The first S$100,000 taxable profits are fully tax exemption for the first 3 years of incorporation. For more information, please visit https://www.iras.gov.sg/irashome/Businesses/Companies/Learning-the-basics-of-Corporate-Income-Tax/Common-Tax-Reliefs-That-Help-Reduce-The-Tax-Bills/
The corporate tax rate is 17% in Singapore. Nonetheless, there are many other tax benefits for companies from time to time.
Contact us today to find out more.

 

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info@uventures.com.sg