Corporate Tax
Singapore's corporate tax framework is recognized globally for its competitive 17% headline flat rate, single-tier territorial principle, and lack of capital gains taxation. For local startups, SMEs, and foreign branches, proactive tax structuring translates directly into bottom-line capital preservation.
At JJV Lucky Stars Consultants, our tax specialists prepare accurate tax computations, identify allowable business expense deductions, and capitalize on IRAS Tax Exemption Schemes (such as 75% exemption on the first S$100,000 for qualifying startups). We ensure your annual filings are seamless, punctual, and fully defensible before the tax authorities.
Our Corporate Tax Capabilities Include:
- Form C / Form C-S / Form C-S (Lite) electronic submission to IRAS.
- Professional tax computation and capital allowance schedules preparation.
- Timely Estimated Chargeable Income (ECI) lodgment within 3 months of financial year end.
- Start-Up Tax Exemption (SUTE) & Partial Tax Exemption (PTE) claim optimization.
- Proactive IRAS query management and tax correspondence representation.
- Corporate restructuring tax implications advisory and DTA treaty relief analysis.
- Punctual statutory deadline tracking to prevent IRAS late submission penalties.
Singapore Tax Exemption Scheme for Qualifying Start-Up Companies
Qualifying new start-up companies in their first 3 consecutive Years of Assessment (YAs) enjoy substantial tax savings:
75% Exemption
75% exemption on the first S$100,000 of normal chargeable income. Effective tax rate is only 4.25%.
50% Exemption
50% exemption on the next S$100,000 of normal chargeable income. Effective tax rate is only 8.5%.
Flat 17%
Any chargeable income above S$200,000 is taxed at the flat headline rate of 17%.