Singapore Corporate Tax Calculation

Income Tax For Corporate Entity
Chargeable Income/Profit
Effective Tax computation for New Startups*
First $100,000 (4.25%)
For next $100,000 (8,5%)
Above $200,000 (17%)
Gross Tax Payable
LESS: Corporate Tax Rebate YA 2021
(For example: 25% Corporate Income Tax Rebate capped at $15,0000)
NET TAX PAYABLE
EFFECTIVE TAX RATE
Note:* The first three consecutive YAs falls in or after YA 2020
Effective Tax Computation based on Partial Exemption**
First $10,000 (4.25%)
For next $190,000 (8,5%)
Above $200,000 (17%)
Gross Tax Payable
LESS: Corporate Tax Rebate YA 2021
(For example: 25% Corporate Income Tax Rebate capped at $15,0000)
NET TAX PAYABLE
EFFECTIVE TAX RATE
Note:** All companies can enjoy partial tax exemption, unless they have already claimed the Tax Exemption Scheme for New Start-Up Companies.

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Note: Corporate Tax Rebate will change each fiscal year under the review of IRAS.

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