What is the corporate tax rate in Singapore?
Singapore has a flat corporate income tax rate of 17%. For annual profits of up to S$300,000, tax incentives are available that make the effective corporate tax rate below 9%. For example: Newly incorporated companies with individual shareholders will be taxed as follows: • The first S$100,000 in annual profits will be tax exempt for the first three years. • The next S$200,000 in annual profits will be taxed at 8.5%. • Profits above S$300,000 will be taxed at the flat rate of 17%. Newly incorporated companies with corporate shareholders will be taxed as follows: • The first S$300,000 in annual profits will be taxed at 8.5%. • Profits above S$300,000 will be taxed at the flat rate of 17%. You can estimate your Singapore taxes as well as compare them with taxes in your home country by using our online tax calculator.
