Singapore Corporate Tax 2025
Calculate tax payable for YA 2025 at 17% rate with Partial Tax Exemptions.
Introduction
🎯 What
Singapore Corporate Tax Calculator 2025 estimates corporate income tax payable by companies based on chargeable income, exemptions (PTE), and the prevailing flat rate.
👥 Who
Private Limited Companies, Startups, SMEs, Finance teams, and Business Owners planning tax liabilities in Singapore.
💡 Why
To help companies estimate annual corporate tax using Singapore’s territorial tax system and the Partial Tax Exemption (PTE) scheme accurately.
🏢 Company Details
📊 Income & Expenses
⚙️ Capital & Deductions
Claim for equipment wear & tear.
Deductible amount (e.g. 2.5x).
Unutilised losses from previous years.
Added to chargeable income unless exemptions apply.
💵 Tax Summary
Detailed Calculation Steps
Singapore Corporate Tax Overview
Tax System & Rates
- ● Flat Rate: 17% on Chargeable Income.
- ● Territorial Basis: Tax applies to income accrued in or derived from Singapore. Foreign income is taxed only if remitted to Singapore.
Partial Tax Exemption (PTE)
Partial exemption applies to the first S$200,000 of normal chargeable income.
- First $10,000: 75% Exempt
- Next $190,000: 50% Exempt
- Above $200,000: Fully Taxable at 17%
Calculation Examples
Example 1: Basic PTE Calculation
Financials:
- • Revenue: S$300,000
- • Expenses: S$100,000
- • Chargeable Income: S$200,000
Tax Calculation (PTE):
- • First $10k (75% exempt): $2,500 taxable
- • Next $190k (50% exempt): $95,000 taxable
- • Total Taxable: $97,500
- • Tax Payable (17%): S$16,575
Example 2: Higher Income
Details:
- • Chargeable Income: S$350,000
Tax Calculation:
- • First $200k (PTE): $97,500 taxable
- • Remaining $150k: Fully taxable ($150,000)
- • Total Taxable: $247,500
- • Tax Payable (17%): S$42,075
Frequently Asked Questions
Q: Is Singapore corporate tax progressive?
A: No, corporate tax is a flat rate of 17% on chargeable income. However, effective tax rates are lower for smaller profits due to Partial Tax Exemptions.
Q: Are startups taxed differently?
A: Qualifying new startups (first 3 YAs) enjoy higher exemptions under the Startup Tax Exemption (STE) scheme: 75% off the first $100k and 50% off the next $100k. This calculator uses the standard PTE scheme.
Q: Is foreign income taxed?
A: Foreign income is only taxed if it is remitted into Singapore. It may be exempt if it has already been subjected to tax in the foreign jurisdiction (subject to conditions).
Q: Can losses reduce tax?
A: Yes, unutilised trade losses and capital allowances can be carried forward indefinitely to offset future income, subject to the shareholding test.
Disclaimer: This Singapore Corporate Tax Calculator 2025 is for informational and Google AdSense purposes only. Tax calculations are based on general IRAS rules for YA 2025 (17% standard rate, Partial Tax Exemption - PTE). It does not automatically apply New Startup Tax Exemption (STE) or Corporate Income Tax Rebates if any are announced in the Budget. Actual tax liability may vary depending on company structure, tax incentives, or regulatory updates. ANTIGRAVITY does not provide legal or tax advice.