Your AI accountant for Singapore.

Corporate Income Tax (Singapore)

Singapore taxes resident companies at a flat rate of 17% on chargeable income. New companies benefit from the Start-Up Tax Exemption (SUTE), and all qualifying companies can access Partial Tax Exemption.

GST (Goods and Services Tax)

Singapore's value-added tax levied at 9% on most supplies of goods and services made by GST-registered businesses. Registration is mandatory once taxable turnover exceeds S$1 million.

CPF (Central Provident Fund)

Singapore's mandatory social security savings scheme for Singapore Citizens and Permanent Residents. Employer contributes 17% and employee contributes 20% for those aged 55 and below, based on ordinary wages up to S$7,400 per month.

ECI (Estimated Chargeable Income)

An estimate of a company's taxable income for a financial year, filed with IRAS within 3 months of the company's financial year-end. A waiver applies if revenue is S$5 million or less AND ECI is zero.

Form C / C-S / C-S Lite

Singapore's annual corporate tax return. Form C is the full return; C-S for companies with revenue up to S$5 million; C-S Lite for revenue up to S$200,000. All due 30 November each Year of Assessment.

ACRA (Accounting and Corporate Regulatory Authority)

Singapore's national regulator for companies, public accountants, and corporate service providers. ACRA maintains the BizFile+ portal for company registration, annual returns, and filings. Every Singapore company receives a UEN on incorporation.

Partially deductible. There is no flat-rate home office deduction in Singapore. A company can reimburse directors or employees for actual, documented home office costs at arm's length, and those reimbursements are deductible as business expenses.

Fully deductible. Salaries, wages, bonuses, and employer CPF contributions (17%, capped at S$1,258/month on ordinary wages) are all deductible as business expenses. The Skills Development Levy (SDL) is also deductible.

Fully deductible where incurred for revenue purposes. Accountancy fees, audit fees, company secretarial fees, and legal fees for ongoing trading operations are all deductible. Legal fees relating to capital transactions (acquisitions, share issues) are not.

Business travel is fully deductible. Personal travel embedded in a business trip is not deductible. There is no standard per-km mileage rate in Singapore; actual cost or car rental costs are used.

Running costs (fuel, maintenance, road tax, insurance) for S-plate business vehicles are deductible. Capital allowances are not available for Singapore-registered private cars. The COE (Certificate of Entitlement) cost is capital and not deductible.

50% deductible for qualifying entertainment expenses under section 14(2A). Staff entertainment (e.g., annual dinner and dance) is fully deductible. Receipts and a log of who was entertained and the business purpose are essential.