Singapore is always said to be business friendly environment & best place for starting up a business, and remain as the global business hub, one of the main reason is their attractive tax system and their best business policy. The tax system captivates global investors to start up business in Singapore.
Singapore offers one of the lower tax rates compared to other developed countries.
Tax system of Singapore is governed by Inland Revenue Authority of Singapore (IRAS) The headline Corporate tax rate of Singapore is 17%
STARTUP EXEMPTION
To urge more entrepreneurship, A new start-ups can enjoy a 3-year tax exemption of First 100k of their chargeable income and 50% exemption on next 200k.
PARTIAL EXEMPTION
To help companies grow and establish themselves for more than three years, the government has put in partial tax exemption scheme. Whereas the first 10k of your chargeable income is exempted at 75% and further 290k is at 50%
We understand Singapore tax system and compute your corporate tax so as to minimise the tax liability by using all the available deduction, allowance & Exemptions
So call to avail all your tax benefits.
THE DUE DATE FOR A COMPANY TO FILE THIER TAX IS ON 30 NOV THE FOLLOWING YEAR.
Call us now to avoid and IRAS penalty