The tax exemption scheme for new start-up companies was introduced in Year of Assessment (YA) 2005 to support entrepreneurship and help our local enterprises grow. Under this scheme, a newly incorporated company that meets the qualifying conditions can claim for full tax exemption on the first $100,000 of normal chargeable income for each of its first three consecutive YAs.

1. SINGAPORE TAX EXEMPTION SCHEME
FOR NEW START-UP COMPANIES: 2013 - 2015

2. Copyright © 2014 Rikvin Pte LtdLast updated on February 28, 2014
CORPORATE INCOME TAX REBATE - YA 2013 TO YA 2015
To relieve business costs, a 30% corporate income tax rebate capped
at $30,000 per Year of Assessment (YA) will be granted to companies
for three years from YA 2013 to YA 2015
START-UP TAX EXEMPTION (SUTE) SCHEME
Did you know?
• At 17%, Singapore’s corporate income tax rate is the third lowest in the world after Hong Kong (16.5%) and Ireland (12.5%).
• However, the effective tax rate of a Singapore company with S$500,000 of normal chargeable income will only be 11.8%.
With the income tax rebate, it is lowered to 8.27% for YA 2013 - YA 2015.
New Startup Companies* for First 3 Years of Assessment
For All Other Companies - Partial Tax Exemption
* Qualifying
conditions:
• 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“ Companies that do not meet the qualifying conditions would still be
eligible for partial tax exemption.
”

3. Copyright © 2015 Rikvin Pte Ltd
RIKVIN PTE LTD
30 Cecil Street, #19-08 Prudential Tower,
Singapore 049712
Main Line : (+65) 6320 1888
Fax : (+65) 6438 2436
Email : info@rikvin.com
Website : www.rikvin.com
Reg No 200100602K
EA License No 11C3030
The information contained herein is intended for general
information purposes only and shall not be regarded as
professional advice. Readers are therefore advised that
before acting on any matter arising from these notes, they
should discuss their particular situation with the Firm. No
liability can be accepted for any action taken as result of
reading the notes without prior consultation with regard
to all relevant factors.
DOWNLOAD THE RIKVIN MOBILE APP
FOLLOW US ON: