Corporate Income Tax Rebate

To relieve business costs, a 50% and 20% corporate income tax rebate of tax payable will be granted in YA 2017 and YA 2018 respectively. The capped amounts for YA 2017 and YA 2018 will be $25,000 and $10,000 per YA respectively.

YA 2016 Corporate Income Tax Rebate SGD
Chargeable income (B) $560,000
Less: Exempt income  
- 75% of first $10,000 ($7,500)
- 50% of next $290,000 ($145,000)
Chargeable income (after exempt income) $407,500
Tax thereon @ 17% $69,275
Less: 50% corporate tax income rebate (50% of
tax payable or capped at 20,000)
($20,000)
Tax payable (A) $49,275
Effective tax rate (A/B) 8.8%

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