There are various types of tax incentives available for companies and these are provided in the Singapore Income Tax Act (ITA) and Economic Expansion Incentives Act (EEIA).
Some of the tax incentives available are listed in the table below.
Types of incentives
Where to apply
ITA/S13F
Exemption of international shipping profits
MPAwww.mpa.gov.sg
ITA/S13H
Exemption of income of venture company
ENTERPRISE SINGAPOREwww.enterprisesg.gov.sg
ITA/S13S
Exemption of income of shipping investment enterprise
ITA/S14B
Further deduction for expenses relating to approved trade fairs, trade exhibitions, trade missions or to maintenance of overseas trade office
ENTERPRISE Singaporewww.enterprisesg.gov.sg
ITA/S14E
Further deduction for expenditure on research and development project
EDBwww.edb.gov.sg
ITA/S43C
Exemption and concessionary rate of tax for insurance and reinsurance business
MASwww.mas.gov.sg
ITA/S43G
Concessionary rate of tax for Finance and Treasury Centre
ITA/S43P
Concessionary rate of tax for global trading company and qualifying company
ITA/S43W
Concessionary rate of tax for shipping investment manager
ITA/S43ZA
Concessionary rate of tax for container investment enterprise
ITA/S43ZB
Concessionary rate of tax for container investment manager
ITA/S43ZE
Concessionary rate of tax for ship broking and forward freight agreement trading
EEIA/ Part II
Pioneer Industries
EEIA/ Part III
Pioneer Service Companies
EEIA/ Part IIIB
Development and Expansion Incentive
EEIA/Part X
Investment Allowances