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Singapore Pte Ltd Co Tax exemption.
Singapore Pte Ltd Company Tax exemption.
Singapore Private Limited Tax exemption.
Singapore Private Limited Company Tax exemption.
Tax exemption for Singapore Pte Ltd Co.
Tax exemption for Singapore Pte Ltd Company.
Tax exemption for Singapore Private Limited Company.
With effect from YA 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company.
1) Tax Exemption Scheme for New Start-Up Companies: |
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| Under the scheme, qualifying new companies are given the following tax exemption for the first three consecutive YAs (Year of Assessment) where the YA falls in | |
| Year of Assessment (YA) | Exemption on normal chargeable income |
| YA 2020 onwards | 75% exemption on the first $100,000 |
| YA 2010 to 2019 | Full exemption on the first $100,000 |
| A further 50% exemption on the next $200,000 | |
2) Partial Tax Exemption for all companies: |
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| All companies including companies limited by guarantee can enjoy the following tax exemption: | |
| Year of Assessment (YA) | Exemption on normal chargeable income |
| YA 2020 onwards | 75% exemption on the first $10,000 |
| A further 50% exemption on the next $190,000 | |
| YA 2010 to 2019 | 75% tax exemption on the first $10,000 |
| A further 50% exemption on the next $290,000 | |
