Corporate Tax

Singapore Corporate Tax Compliance, Computation & IRAS Filing

Corporate Tax

Singapore Corporate Tax Computation and Filing

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:

Tier 1 (First S$100,000)

75% Exemption

75% exemption on the first S$100,000 of normal chargeable income. Effective tax rate is only 4.25%.

Tier 2 (Next S$100,000)

50% Exemption

50% exemption on the next S$100,000 of normal chargeable income. Effective tax rate is only 8.5%.

Standard Rate

Flat 17%

Any chargeable income above S$200,000 is taxed at the flat headline rate of 17%.