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Singapore Corporate Tax Calculator

Our free online Singapore corporate income tax calculator helps you estimate your annual tax payable!

Income Tax For Corporate Entity

Enter your company's chargeable income to estimate corporate tax payable under the Partial Tax Exemption and Start-Up Tax Exemption schemes.

SGD

Download your free report & tips to reduce your corporate tax

Partial Tax Exemption (PTE)

The default exemption scheme available to all companies.

4.25% on first $10,000 xxxx
8.5% on next $190,000 xxxx
17% on balance above $200,000 xxxx
Gross Tax Payable xxxx
Net Tax Payable xxxx
Effective Tax Rate xxxx

Start-Up Tax Exemption (SUTE)

Available only for the first three Years of Assessment of a qualifying new company.

4.25% on first $100,000 xxxx
8.5% on next $100,000 xxxx
17% on balance above $200,000 xxxx
Gross Tax Payable xxxx
Net Tax Payable xxxx
Effective Tax Rate xxxx

* Disclaimer: This is a general estimate of Singapore corporate tax based on IRAS Partial Tax Exemption and Start-Up Tax Exemption rules. It does not constitute tax advice. Please consult a tax professional for your specific situation.

How is Corporate Tax Calculated in Singapore?

The corporate tax system in Singapore follows a territorial basis of taxation, which means that only income derived from or accrued in Singapore, or received in Singapore from outside Singapore, is subject to tax.

Although the nation’s corporate tax rate is 17%, the effective tax rate for most companies is significantly lower due to various tax incentives and deductions offered by the government.

Most Singapore companies qualify for significant tax savings through these exemptions:

Start Up Tax Exemption (SUTE)

  • 75% exemption on first S$100,000 of normal chargeable income
  • 50% exemption on next S$100,000
  • Available for first 3 Years of Assessment (YA)

Partial Tax Exemption (PTE)

  • 75% exemption on first S$10,000 of normal chargeable income
  • 50% exemption on next S$190,000

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Frequently Asked Questions (FAQs)