Corporate
Our Services in Singapore

A company is taxed at a flat rate of 17% on its chargeable income after tax exemption.

 

Our services include:

  • Corporate tax filing and compliance
  • Singapore tax structuring and planning
  • Optimizing use of tax incentive and exemptions
  • Negotiation of tax incentives and dispute with tax authorities
 
Tax Exemption Scheme for New Start Up Companies

From Year of Assessment (Y/A) 2005, normal chargeable income (excluding Singapore franked dividends) of up to S$100,000 for each of a qualifying company's first three consecutive Years of Assessment is granted tax exemption. With effect from Y/A 2008, the cap has been increased to S$300,000 and the exempt amount is computed as follows:

  • 100% tax exemption on the first S$100,000;
  • 50% tax exemption on the next S$200,000.
Partial Tax Exemption

Companies that do not qualify for the tax exemption scheme for new start up companies will enjoy a partial tax exemption on their normal chargeable income (excluding Singapore franked dividends). From Y/A 2008, the exempt amount computed based on a company's first S$300,000 normal chargeable income is as follows:

  • 75% tax exemption on the first S$10,000;
  • 50% tax exemption on the next S$290,000.

Click HERE for more information.