YouTube Home SME Centre Hotline: (65) 6508 0147
 
 
Tax Incentives  

 

 

The available tax incentives for your company:

Start-up Tax Incentives

 

 

Start-up Tax Incentives

 

What is Start-up Tax Incentives?

Start-ups that meet certain qualifying conditions do not need to pay tax on the first S$100,000 of chargeable income (excluding Singapore franked dividends) for any of the first 3 years of tax assessment from Year of Assessment 2005).  Additionally, there is a 50% tax exemption on the next S $200,000 for each of the first three consecutive years.

 

This will help start-ups preserve their cash flow and profits.

 

Who is eligible?

  1. Company should be incorporated in Singapore
  2. A tax resident of Singapore in that YA
  3. Has no more than 20 shareholders throughout the basis period for that YA where:
    • all of the shareholders are individuals beneficially holding the shares in their own names; OR
    • at least one shareholder is an individual beneficially holding at least 10% of the issued ordinary shares of the company

[Go to top]

 

 

<< Government Grants & Schemes

 

 

Success Stories

Company Name:

Berrylite Frozen Yogurt


Company Profile:

Berrylite is a 100% Fat-Free American Premium Frozen Yogurt, which is REAL frozen yogurt packed with billions of live and active cultures.

Read More