Singapore Corporate Tax Rate -- Singapore Company -- kaizen
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Singapore Corporate Tax Rate

To encourage local entrepreneurship, Singapore Government has declared a full tax exemption for newly incorporated companies.


Full tax exemption is granted on the first $100,000 of Chargeable Income for qualifying new companies for the first tdree years of assessment consecutively. (%)
First $100,000 Nil
$100,001 to $300,000 9
Thereafter a Flat Rate of 18

Note: *A qualifying new company must fulfill the following conditions:

  • It is incorporated in Singapore;
  • It is a tax resident of Singapore for that Year of Assessment;
  • It has no more tdan 20 shareholders throughout the basis period relating to that Year of Assessment
  • All its shareholders are individuals throughout the basis period relating to that Year of Assessment.

Tax Rates for Companies for Year of Assessment 2008 and for those who do not qualify for the New Start up exemption rates

Amount of chargeable income Effective tax rate
First $10,000 4.5%
Next $290,000 9%
In excess of $300,000 18%

Stamp Duty - Property Transfer  

Value of property Rate (%)
First S$180,000 1.0
Next S$180,000 2.0
thereafter 3.0

There is no tax in Singapore on Capital Gain.

Tax Incentives

To encourage foreign capital inflow into Singapore, there are tax incentives provided to various industries namely in the form of reduced corporate tax rates

Finance & Treasury Centre Co. 10%
Fund Manager 10%/exempt
Headquarters Co. 10%
International Commodity Trader 10%
Offshore Leasing 10%
Oil Trader 10%
Securities Company 10%/exempt
Trustee Company 10%
Arts & Antique Dealers 10%
Asian Currency Unit 10%/exempt
Insurance & Re-insurance Co. 10%/exempt
Members of Commodity Futures Exchange 10%
Pioneer/Incentive Co. Exempt/Various
Financial Sector Incentive Co. 5%/10%
Cyber Trader 10%
Commodity Derivatives Trader (New) 5%

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