Annual accounts are required to be filed with ACRA (Accounting & Corporate Regulatory Authority) and IRAS (Inland Revenue Authority of Singapore)
Frequently Asked Questions : Singapore Corporate Tax
What is the corporate tax rate in Singapore?
The current headline corporate tax rate in Singapore is a flat 17%. Full and partial tax exemptions are available for taxable income of up to
What is the difference between a resident and a non-resident Singapore company?
A Singapore "resident" company is one for which the control and management of the business is exercised in Singapore while a company which is "not
What tax benefits does the Singapore Government give to a newly set up Company?
To encourage local entrepreneurship, Singapore Government has declared a full tax exemption for newly incorporated companies: NEW START UP
What business expenses are deductible?
You can claim deduction for expenses that are incurred in the production of income. It must also be revenue in nature; the deduction must not be
What are the common mistakes made by corporate taxpayers?
Understatement of income Businesses should properly account for all the earnings and invoices issued for goods sold or services rendered. Omission
What are the capital gain tax rates in Singapore?
There is no tax in Singapore on Capital Gain.
Is filing a tax return necessary if my company did not gain any profits for the year?
Yes. Singapore companies are required to file a tax return annually.
