The government recognises that a competitive tax regime is essential to make Singapore an attractive business hub, encourage new investments, and spur entrepreneurship. Over the years, we have reduced the tax rates on companies. Please refer to IRAS website for the past and current tax rates.

We have also introduced the start-up exemption scheme to foster an enterprising environment, while keeping the statutory costs low for all companies (especially the medium-sized companies) with the partial tax exemption scheme. Please refer to IRAS website for more details of the schemes.