* The company must have no more than 20 individual shareholders * For corporate shareholders, one individual must hold at least 10% of the issued shares * Property and investment holding companies are not eligible
Full Exemption for New Startup Companies – for First 3 Years of Assessment
The effective tax rates are:
YA 2018
Chargeable Income ($)
Estimated Tax (S$)
*Effective tax rate
100,000
0
0%
200,000
5,100
2.55%
300,000
10,200
3.40%
400,000
20,400
5.10%
500,000
36,000
7.20%
1,000,000
121,000
12.10%
2,000,000
291,000
14.55%
3,000,000
461,000
15.37%
5,000,000
801,000
16.02%
10,000,000
1,651,000
16.51%
YA 2019
Chargeable Income ($)
Estimated Tax (S$)
*Effective tax rate
100,000
4250
4.25%
200,000
12,750
6.38%
300,000
29,750
9.92%
400,000
46,750
11.69%
500,000
63,750
12.75%
1,000,000
148,750
14.88%
2,000,000
318,750
15.94%
3,000,000
488,750
16.29%
5,000,000
828,750
16.58%
10,000,000
1,678,750
16.79%
Read more about Singapore Corporate Tax at Rikvin.com.
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InCorp Global Joined: January 15th, 2020 Articles Posted: 37
