Project your corporate tax over 5 years under SUTE (Start-Up Tax Exemption), PTE (Partial Tax Exemption), and no exemptions — and see the exact dollars you save by incorporating in Singapore.
The Start-Up Tax Exemption exempts 75% of your first S$100,000 of chargeable income and 50% of the next S$100,000. It applies for your first three Years of Assessment only.
Partial Tax Exemption applies to all Singapore companies. It exempts 75% of the first S$10,000 and 50% of the next S$190,000 — less generous than SUTE, but still significant.
A YA refers to the year in which income is assessed. Your first YA is typically the calendar year after your company's financial year end. IRAS determines which regime applies each YA.
SUTE is granted automatically by IRAS when you file your company's income tax return (Form C-S or Form C), provided you meet the eligibility criteria. There is no separate application form.