Last updated: 2026-08-20

What are the tax exemptions available for new companies in Singapore?

New companies can enjoy the Start-Up Tax Exemption (SUTE): 75% exemption on the first S$100,000 of chargeable income and 50% on the next S$100,000, for each of the first three YAs. Conditions include incorporation in Singapore, being a tax resident, and having at least 20% local individual shareholding.

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