Singapore is renowned for its business-friendly environment and remains a global business hub. One of the primary reasons for this is its attractive tax system and progressive business policies. The tax system draws global investors to establish their businesses in Singapore, thanks to its competitive tax rates compared to other developed countries.

To encourage entrepreneurship, new start-ups can benefit from a 3-year tax exemption scheme. This includes a 75% exemption on the first $100,000 of their chargeable income and a 50% exemption on the next $100,000.

For companies operating for more than three years, the government offers a partial tax exemption scheme. The first $10,000 of chargeable income is exempt at 75%, and the next $190,000 is exempt at 50%.

We have an in-depth understanding of the Singapore tax system and can compute your corporate tax to minimize liability by utilizing all available deductions, allowances, and exemptions.

The due date for a company to file their tax return is 30 November of the following year.