Companies that do not meet the qualifying conditions for SUTE would still be eligible for partial tax exemption.
Partial tax exemption is given to all companies on chargeable income of up to $300,000 as follows: 75% tax exemption on your first $10,000 of chargeable income and a further 50% exemption on the next $290,000 of your chargeable income.
Additionally, there are certain industry-specific and special purpose tax incentives offered under the Singapore Income Tax Act.
