Singapore Tax Exemption Scheme

1
SINGAPORE TAX EXEMPTION SCHEMEFOR NEW START-UP
COMPANIES - 2013
2
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 companiesfor three years from YA 2013
to YA 2015
START-UP TAX EXEMPTION (SUTE) SCHEME
Most newly formed companies are eligible for the
Start-up Tax Exemption (SUTE) Scheme for the
first 3 consecutive YAs
Companies that do not qualify for the SUTE scheme
will still be eligible for partial tax exemption
With effect from 26 February
2013, property developmentand investment
holdingcompanies will be eligible forpartial
SUTE only.
Did you know?
At 17, Singapores 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 S500,000 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.
Last updated on March 5, 2013
Copyright 2013 Rikvin Pte Ltd
3
Helpful Links
Company RegistrationSingapore Work
VisasBusiness ServicesAccounting
ServicesOffshore Company
RIKVIN PTE LTD
20 Cecil Street, 14-01, Equity Plaza, Singapore
049705
Main Line
(65) 6320 1888
Fax
(65) 6438 2436
Email info_at_rikvin.comWebsite
www.rikvin.com
Reg No 200100602K
EA License No 11C3030
This material has been prepared by Rikvin for the
exclusiveuse of the party to whom Rikvin
delivers this material.This material is for
informational purposes only and hasno regard to
the specific investment objectives,
financialsituation or particular needs of any
specific recipient.Where the source of
information is obtained from thirdparties,
Rikvin is not responsible for, and does not
acceptany liability over the content.
Copyright 2013 Rikvin Pte Ltd