Singapore Corporate Income Tax Calculator for YA 2020 and after

Singapore Corporate Income Tax Calculator for YA 2020 and afterCorporate tax exemption schemes have been changed with effect from YA 2020. In the table below 3E Accounting Singapore as a Corporate Service Provider has created this easy and direct calculation which Singapore business owner can input their "Chargeable Income/Profit" values into our system which will instantly tabulate the results as follow:

The Corporate Income Tax Calculator for YA 2020 and after has 2 types of exemption which is called the New Start-up exemption and the Partial Exemption.

For NEW START-UP EXEMPTION, the income tax rates will be charged as follow: the first $100,000 will be at 4.25% followed by the next $100,000 will be at 8.5%, thereafter income above $200,000 will be at 17%. There are no tax rebates which your gross and net tax payable will be the same. The effective tax rate will be the value of the net tax payable divide by your income input value.

For PARTIAL EXEMPTION, the income tax rates will be charged as follow: the first $10,000 will be at 4.25% followed by the next $190,000 will be at 8.5%, thereafter income above $200,000 will be at 17%. There are no tax rebates which your gross and net tax payable will be the same. The effective tax rate will be the value of the net tax payable divide by your income input value.

To understand how it works, you can read more about it in this link.

Income Tax for Corporate Entity

CHARGEABLE INCOME/PROFIT
Enter the chargeable income here.



 

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