Singapore Tax Exemption Scheme For New Startup Companies 2013

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Most newly formed Singapore companies are eligible for the Start-up Tax Exemption (SUTE) Scheme for the first 3 consecutive years.

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Singapore Tax Exemption Scheme For New Startup Companies 2013

  1. 1. SINGAPORE TAX EXEMPTION SCHEMEFOR NEW START-UP COMPANIES - 2013
  2. 2. CORPORATE INCOME TAX REBATE - YA 2013 TO YA 2015To relieve business costs, a 30% corporate income tax rebate cappedat $30,000 per Year of Assessment (YA) will be granted to companiesfor three years from YA 2013 to YA 2015 START-UP TAX EXEMPTION (SUTE) SCHEMEMost newly formed companies are eligible for the Start-up Tax Exemption (SUTE) Scheme for the first 3 consecutive YAs:Companies that do not qualify for the SUTE scheme will still be eligible for partial tax exemption: * With effect from 26 February 2013, property development and investment holding companies will be eligible for partial SUTE only. Did you know? • At 17%, Singapore’s corporate income tax rate is the third lowest in the world after Hong Kong (16.5%) and Ireland (12.5%). • However, the effective tax rate of a Singapore company with S$500,000 of normal chargeable income will only be 11.8%. With the income tax rebate, it is lowered to 8.27% for YA 2013 - YA 2015.Last updated on March 5, 2013 Copyright © 2013 Rikvin Pte Ltd
  3. 3. Helpful Links:Company RegistrationSingapore Work VisasBusiness ServicesAccounting ServicesOffshore CompanyRIKVIN PTE LTD20 Cecil Street, #14-01, Equity Plaza, Singapore 049705Main Line : (+65) 6320 1888Fax : (+65) 6438 2436Email : info@rikvin.comWebsite : www.rikvin.comReg No 200100602KEA License No 11C3030This material has been prepared by Rikvin for the exclusiveuse of the party to whom Rikvin delivers this material.This material is for informational purposes only and hasno regard to the specific investment objectives, financialsituation or particular needs of any specific recipient.Where the source of information is obtained from thirdparties, Rikvin is not responsible for, and does not acceptany liability over the content. Copyright © 2013 Rikvin Pte Ltd

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