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Epica FAQ Series

My company is not eligible for a full tax exemption. Can I get any other tax exemption?

Corporate Income tax

My company is not eligible for a full tax exemption. Can I get any other tax exemption?

Singapore Tax Exemptions for Small Companies [New as well as Existing Companies]


If a company does not qualify for SUTE (Start-Up Tax Exemption) scheme, it can still enjoy partial tax exemption.

The partial tax exemption applies to all companies on the taxable income of up to $300,000 in the following manner:

  • For the first taxable $100,000, there will be a 75% exemption.
  • For next taxable $200,000, there will be 50% exemption.

Also, the Singapore Income Tax Act provides several industry-specific and certain special purpose tax incentives.

Foreigner Package

New Company Setup

S$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

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