SINGAPORE TAX EXEMPTION SCHEME

Last updated on March 5, 2013 To relieve business costs, a will be granted to companies for three years from YA 2013 to YA 2015 Companies that do not qualify for the SUTE scheme will still be eligible for partial tax exemption: Most newly formed companies are eligible for the Start-up Tax Exemption (SUTE) Scheme for the first 3 consecutive YAs: * With effect from 26 February 2013, property development and investment holding companies will be eligible for partial SUTE only. Did you know? At 17%, Singapore222s 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.

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