Singapore Company Corporate Income Tax & Startup Tax Exemption (SUTE) Calculator
Calculate your Singapore Private Limited (Pte Ltd) company tax liability, comparing Startup Tax Exemption (SUTE) for the first 3 YAs against Partial Tax Exemption (PTE), plus Corporate Income Tax (CIT) rebates.
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Calculation Methodology & Statutory Rules
1.
Singapore Flat Corporate Tax Rate: 17% on Net Chargeable Income.
2.
Startup Tax Exemption (SUTE) Scheme (First 3 YAs for eligible new startups): - 75% exemption on first S$100,000 chargeable income (effective tax rate 4.25%).
Max exempt = S$75,000.
- 50% exemption on next S$100,000 chargeable income (effective tax rate 8.5%).
Max exempt = S$50,000.
- Maximum total SUTE exemption = S$125,000 per year.
3.
Partial Tax Exemption (PTE) Scheme (All other companies & post-3rd YA startups): - 75% exemption on first S$10,000 chargeable income (effective tax rate 4.25%).
Max exempt = S$7,500.
- 50% exemption on next S$190,000 chargeable income (effective tax rate 8.5%).
Max exempt = S$95,000.
- Maximum total PTE exemption = S$102,500 per year.
4.
Gross Corporate Tax = (Chargeable Income - Exempt Income) * 17%.
5.
Corporate Income Tax (CIT) Rebate: 50% of Gross Corporate Tax, capped at S$40,000.
Companies employing at least 1 local employee receive a minimum S$2,000 CIT Rebate Cash Payout.
6.
Net Corporate Tax Payable = Max(0, Gross Corporate Tax - CIT Rebate).
7.
Single-Tier Dividend System: Dividends distributed to shareholders out of after-tax corporate profits are 100% tax-free.
Frequently Asked Questions
Q1.What are the CPF contribution rates and Ordinary Wage (OW) ceilings in Singapore for 2025/2026?
For Singapore Citizens and 3rd-year PRs aged 55 and below, the total mandatory CPF contribution is 37% (20% employee + 17% employer) on monthly Ordinary Wages up to the statutory ceiling of S$8,000. Annual Additional Wages (bonuses) are capped separately by the statutory AW ceiling formula.
Q2.How does IRAS Personal Income Tax progression work in Singapore?
Singapore operates one of the most competitive progressive tax structures globally. The first S$20,000 of chargeable income is taxed at 0%, with marginal tax brackets progressing from 2% up to 24% for chargeable income exceeding S$1,000,000. Foreign-sourced income received in Singapore is generally tax-exempt, and there is no capital gains tax or dividend tax.
Q3.How does the Start-Up Tax Exemption (SUTE) scheme reduce corporate tax in Singapore?
Qualifying new Singapore companies enjoy 75% tax exemption on the first S$100,000 of normal chargeable income, and 50% exemption on the next S$100,000 for their first 3 consecutive Years of Assessment (YAs), capping effective corporate tax on the first S$200,000 at ~4.25% to 8.5%.
Disclaimer: Results are estimates based on standard tax rules for the 2026 tax year and are provided for informational purposes only. Individual circumstances (deductions, credits, specific state/local rules) may significantly affect your actual tax liability. Always consult a qualified tax professional or accountant for advice specific to your situation.