Singapore Incorporation Consultancy Launches Corporate Tax Calculator

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The calculator will help Singapore-based firms estimate their tax payments as well as their effective tax rates, says company incorporation Asiabiz Services.

AsiaBiz Services - Singapore company formation consultancy

AsiaBiz Services - Singapore company incorporation consultancy

The calculator also shows that in effect, Singapore offers one the lowest effective corporate tax rates in the world, after rebates and tax exemptions are calculated.

Asiabiz Services, a Singapore company incorporation consultancy, has today made the Singapore Corporate Tax Calculator available on its website.

The calculator has been designed to help Singapore incorporated firms estimate their effective corporate tax payments and rates based on income earned between 1 January and 31 December.

Analysis by Asiabiz Services shows that the Singapore’s marginal corporate tax rate has declined from 26% in 1997 to 17% since 2010. On top of this, more enhancements have been introduced to the city state’s tax framework to lower companies’ tax burden.

To that end, the Singapore Corporate Tax Calculator automatically incorporates the recently announced 30% Corporate Tax Rebate, which applies for the years of Assessment (YA) 2013, 2014 and 2015.

It also takes into account the Startup Tax Exemption (SUTE). Under the SUTE scheme, newly-formed start-up companies that fulfil certain shareholding conditions will be eligible for the full tax exemption on the first S$100,000 of chargeable income during the first 3 consecutive YAs of its setup.

Companies that do not meet the qualifying conditions for SUTE, such as property and investment holding companies, will still be eligible for partial tax exemption. Partial tax exemption means a company enjoys 75% tax exemption on the first S$10,000 of chargeable income and a further 50% exemption on the next S$290,000 of its income.

Commenting further, Mr. James Nuben, Head of Taxation of Asiabiz Services said, “Our Singapore corporate tax calculator is an extension of the services that we offer to ease the company formation process of our followers and clients. The calculator also shows that in effect, Singapore offers one the lowest effective corporate tax rates in the world, after rebates and tax exemptions are calculated.”

“We anticipate that this calculator will ease the burden of manually calculating one’s tax burden. We are also optimistic that entrepreneurs that are looking to expand in Asia will see the merits of doing business in Singapore, from the tax perspective,” Mr. Nuben added.

To use the calculator, please visit:

Asiabiz Services is a Singapore-based consultancy that offers business solutions for both local and foreign professionals, investors and entrepreneurs. Our areas of expertise include Singapore company registration, incorporation, offshore company setup, accounting, taxation and other related corporate services. Asiabiz Services also provides Singapore work visa and immigration services for foreign professionals wishing to relocate to Singapore.

120 Telok Ayer Street, Singapore 068589
Phone: +65 6303 4614

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James Nuben
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