Singapore Corporate Tax & GST

Do you know about Singapore Company Tax?

A Singapore company needs to file its tax submission electronically with IRAS before 16 December each year.
A company is taxed on the income earned in the preceding financial year. E.g. income earned from 1 July 2018 to 30 June 2019 will need to file tax before 16 December 2020.
The current corporate tax rate is 17%. However, the effective tax rate may be much lower due to the availability of tax exemptions and tax rebates for all companies.
A company will need to file its Estimated Chargeable Income (ECI) within 3 months after its financial year end,
A company is required to register for GST (VAT) if its revenue exceeds or is expected to exceed S$1 million for a 12 month period.

Learn More About Singapore Corporate Tax Filing Requirement

Do you need to

register for GST?

Your liability for GST registration depends on the value of your taxable turnover/ revenue. You must register for GST immediately if you can reasonably expect your total turover to be more than S$1 million for the next 12 months.

Official GST Registration FAQ

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