Singapore Corporate Income Tax
Detailed corporate income tax rates and rules for Singapore in 2026.
Singapore levies a flat corporate income tax rate of 17% on chargeable income. Companies benefit from a partial tax exemption scheme: 75% exemption on the first SGD 10,000 of chargeable income and a 50% exemption on the next SGD 190,000, effectively reducing the tax burden on the first SGD 200,000 of income. New startup companies may qualify for an enhanced exemption of 75% on the first SGD 100,000 and 50% on the next SGD 100,000 for their first three consecutive years of assessment.
Standard Rate
17%
Additional Notes
Singapore uses a single-tier corporate tax system, meaning dividends paid by a resident company are exempt from tax in the hands of shareholders. There is no separate small business rate, but the partial exemption scheme significantly lowers the effective rate for smaller companies. The headline 17% rate applies equally to both local and foreign-sourced income that is remitted to Singapore.
How Singapore Corporate Tax compares
Singapore’s corporate tax rate of 17% is the 156th highest of 203 countries TaxAtlas tracks, below the global average of 22.2% and Asia’s regional average of 19.7%.
