For first three years, first S$100,000 of profits is tax free every year, and
For First three years, next S$200,000 of profit (over and above exempt S$100,000 i.e. 100k+200K) will be charged at half of normal income tax rates

Normal rates of income tax in Singapore is only 17%. Continue reading “First Three Years Income Tax Exemption for Newly Incorporated Singapore Companies”