Accurate Singapore corporate tax calculator

Singapore corporation tax made easy today

Taxable profit

Company operational duration

1–3 years 4+ years

Net tax payable

$SGD 0

Effective corporate tax rate

0.00%

View details here

Taxable profit

Tax on the first $100,000 of profit (4.25%)

0.00%

Tax on the next $100,000 of profit (8.50%)

0.00%

Tax on profits of $200,000 or more (17.00%)

0.00%

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FAQs

1. What are the corporate tax rates in Singapore?

Singapore’s corporate tax rate is a flat 17% on chargeable income.

Based on your company, there are various tax exemptions and relief schemes you can apply for, reducing the effective tax rate for many businesses, especially SMEs.

2. Am I eligible for any tax exemption as a new startup in Singapore?

As a new startup in Singapore with right planning, your company can qualify for the Start-up Tax Exemption (SUTE) for the first 3 years, offering:

75% tax exemption on the first S$100,000 of chargeable income.
50% exemption on the next S$100,000 of chargeable income.

3. Does the calculator include tax relief schemes?

Yes, our Singapore Corporate Tax Calculator takes into account tax reliefs and incentives such as the Start-up Tax Exemption (SUTE) and the Partial Tax Exemption (PTE).

We will help you estimate the most accurate corporation tax for your business.

4. How accurate are the results?

The calculator provides highly accurate estimates based on the latest tax regulations in Singapore, from IRAS.

However, the results only reflect the estimations based on your input.

We recommend consulting with our tax experts for a detailed assessment to see which tax you have to pay, which incentives you can earn and how much you actually need to pay to IRAS.

5. Is the Singapore corporation tax calculator suitable for all business types?

Our tax calculator is designed for corporation tax only.

If your company profit is taxed on a personal income tax rate for sole proprietorships, partnerships, the calculator can not shoe the most accurate tax estimate.

6. How to calculate corporation tax in Singapore?

To calculate Singapore corporate tax, follow these steps:

Determine the company chargeable income, after deducting allowable expenses, exemptions, and deductions.
Apply tax exemptions (if any).
After determining the chargeable income, apply Singapore’s corporate tax rate of 17% to the remaining taxable income.

Formula:
Tax Payable = Chargeable Income × 17%

For example, if the chargeable income is 300,000 SGD, the maximum exemption is 102,500 SGD under the partial tax exemption policy, your tax payable is 197,500 × 17% = 33,575 SGD.

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