🇸🇬 Corporate Tax in Singapore
Headline rate: 17%
Private Limited Company (Pte Ltd)
Taxed at a flat rate of 17% on chargeable income. New companies benefit from a partial tax exemption scheme: 75% exemption on the first SGD 100,000 and 50% exemption on the next SGD 100,000 for the first three consecutive years of assessment. Singapore operates a one-tier corporate tax system — dividends paid to shareholders are tax-free. There is no capital gains tax. Foreign-sourced income is taxed only when remitted into Singapore, subject to certain exemptions under the Foreign-Sourced Income Exemption (FSIE) scheme.
Limited Liability Partnership (LLP)
An LLP is tax-transparent in Singapore. The LLP itself is not taxed; instead, each partner reports their share of the LLP's income on their personal or corporate tax return. Individual partners are taxed at Singapore's progressive personal income tax rates (0–22%), while corporate partners are taxed at the corporate rate of 17%. Partners who are not tax resident in Singapore are taxed only on Singapore-sourced income.
Branch Office (Branch)
A branch office is taxed at the standard corporate rate of 17% on income derived from Singapore. Unlike a Pte Ltd, a branch is not eligible for the partial tax exemption for new startups. However, the branch may benefit from Singapore's double tax treaty network if the parent company is resident in a treaty country. Profits repatriated to the parent company are not subject to withholding tax in Singapore.
Key Facts
- Double tax treaties: 90
- Memberships: ASEAN, WTO, APEC, UN
- Legal system: Common law
- Fiscal year: Company chooses
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.