Singapore corporate tax rate
Headline corporate income tax rate on chargeable income of companies (resident and non-resident).
| Current value | 17 percent |
|---|---|
| In force from | 2010-01-01 |
| Official source | Income Tax Act 1947, s 43(1)(a) (17% on every dollar of chargeable income; current version as at 20 Jul 2026, Singapore Statutes Online) |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Flat 17% on chargeable income of every company, local or foreign, since Year of Assessment (YA) 2010. Effective burden is routinely below 17%: (1) Partial Tax Exemption (s 43 ITA 1947, YA2020 parameters): 75% of the first S$10,000 and 50% of the next S$190,000 of normal chargeable income exempt (max S$102,500 exempt per YA); (2) start-up exemption for qualifying new companies' first 3 YAs: 75% of first S$100,000 + 50% of next S$100,000 (max S$125,000); (3) YA2026 CIT Rebate: 50% of tax payable capped at S$40,000 total benefit, inclusive of a S$2,000 CIT Rebate Cash Grant for active companies that made CPF contributions for at least one local employee in 2025 — Budget 2026 originally announced 40%/S$1,500/S$30,000, later enhanced to 50%/S$2,000/S$40,000 in response to the 2026 energy-cost shock (IRAS page marks this '[UPDATED!]'). YA2024 and YA2025 rebates were also 50% capped at S$40,000 less the S$2,000 cash grant. All rebate/exemption detail verified on IRAS: https://www.iras.gov.sg/taxes/corporate-income-tax/basics-of-corporate-income-tax/corporate-income-tax-rate-rebates-and-tax-exemption-schemes (loaded; IRAS is a JS-rendered SPA — accordion content had to be extracted from the DOM). Non-resident persons other than companies (trustees etc.) also taxed at 17% under s 43(1)(c).
Get it programmatically
curl https://asiaref.dev/v1/sg/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/sg/corporate-tax/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/sg/corporate-taxOther Singapore series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates