There are various types of tax incentives available for companies and these are provided in the Singapore Income Tax Act 1947 (ITA) and Economic Expansion Incentives (Relief from Income Tax) Act 1967 (EEIA).

Some of the tax incentives available are listed in the table below.

Governing legislation

Types of incentives

Where to apply

ITA/S13E

Exemption of international shipping profits

MPA
www.mpa.gov.sg

ITA/S13G

Exemption of income of venture company

Enterprise Singapore
www.enterprisesg.gov.sg

ITA/S13P

Exemption of income of shipping investment enterprise

MPA
www.mpa.gov.sg

ITA/S14B

Further deduction for expenses relating to approved trade fairs, trade exhibitions, trade missions or to maintenance of overseas trade office

Enterprise Singapore
www.enterprisesg.gov.sg

ITA/S14E

Further deduction for expenditure on research and development project

EDB
www.edb.gov.sg

ITA/S43C

Exemption and concessionary rate of tax for insurance and reinsurance business

MAS
www.mas.gov.sg

ITA/S43E

Concessionary rate of tax for Finance and Treasury Centre

EDB
www.edb.gov.sg

ITA/S43I

Concessionary rate of tax for global trading company and qualifying company

Enterprise Singapore
www.enterprisesg.gov.sg

ITA/S43JConcessionary rate of tax for financial sector incentive company 

MAS
www.mas.gov.sg

ITA/S43L

Concessionary rate of tax for shipping investment manager

MPA
www.mpa.gov.sg

ITA/S43P

Concessionary rate of tax for container investment enterprise

MPA
www.mpa.gov.sg

ITA/S43Q

Concessionary rate of tax for container investment manager

MPA
www.mpa.gov.sg

ITA/S43T

Concessionary rate of tax for ship broking and forward freight agreement trading

MPA
www.mpa.gov.sg

EEIA/ Part 2

Pioneer Industries

EDB
www.edb.gov.sg

EEIA/ Part 3

Pioneer Service Companies

EDB
www.edb.gov.sg

EEIA/ Part 4

Development and Expansion Incentive

EDB
www.edb.gov.sg

EEIA/Part 8

Investment Allowances

EDB
www.edb.gov.sg