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September 29, 2020
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In order to make Singapore as an attractive investment destination, income tax rates in Singapore have been going down consistently as seen below. Companies will be granted a 50% Corporate Income Tax Rebate capped at $25,000. For more details on the partial tax exemption scheme, please refer to Common Tax Reliefs That Help Reduce The Tax Bills.

Companies will be granted a 25% Corporate Income Tax Rebate capped at $15,000. Singapore’s headline corporate tax rate is a flat 17%. YA 2019. The corporate income tax rate since 2010 has been fixed at 17%. Companies will be granted a 20% Corporate Income Tax Rebate capped at $10,000. YA 2017. 1997-00 2001 2002 2003-04 2005-06 2007-09 From 2010; 26%: 25.5%:
(3) Corporate Income Tax Rebate Corporate income tax rebate is given to all companies to ease business costs and support restructuring by companies and … Headline Tax Rate. taxable revenues less allowable expenses and other allowances.As regards to the rate itself, while Singapore’s marginal rate is already the third lowest in the world, th… It is calculated on the basis of the company’s chargeable income i.e. Singapore resident companies are taxed on profits derived in Singapore, as well as on foreign soil, which are then remitted to Singapore.

Companies will be granted a 40% Corporate Income Tax Rebate capped at $15,000.

YA 2018. YA 2016

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