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Ask an accountantWorked example: S$300,000 chargeable income
A Singapore company with S$300,000 of chargeable income in YA2026, not a qualifying start-up.
| Partial tax exemption | S$102,500 |
| Taxable after exemption | S$197,500 |
| Tax at 17% | S$33,575 |
| YA2026 rebate (40%, capped at S$30,000) | −S$13,430 |
| Corporate tax payable | S$20,145 |
| Effective rate | 6.7% |
Common questions
What is the corporate tax rate in Singapore?
A flat 17% on chargeable income, after exemptions and rebates.
What is the partial tax exemption?
75% of the first S$10,000 and 50% of the next S$190,000 of chargeable income are exempt.
What is the start-up tax exemption?
For a qualifying new company in its first three years of assessment, 75% of the first S$100,000 and 50% of the next S$100,000 are exempt.
What is the YA2026 corporate tax rebate?
A 40% rebate capped at S$30,000, announced in Budget 2026. Companies with at least one local employee in 2025 receive a minimum S$1,500 as a cash grant within that cap.
Read the guide
For education only. Excludes group relief, incentives and losses carried forward. Not tax advice.