Corporate Tax Services in Singapore
Simplifying corporate tax, compliance and incentives for businesses in Singapore
Singapore Corporate Tax: Growth Through Clarity
Singapore offers one of the most competitive corporate tax systems in the world—clear, transparent, and designed to support business growth.
Whether you’re starting a new venture or expanding your international operations, Terra Advisory Services ensures your business remains compliant and tax-efficient from day one.
Our corporate tax specialists help startups, SMEs, and foreign entrepreneurs understand and manage Singapore’s tax framework—from corporate income tax filing and exemptions to GST registration and double taxation relief.
Smart Tax Planning for Singapore Companies
Singapore’s corporate income tax (CIT) rate is a flat 17%, which is, in fact, one of the lowest in Asia. Furthermore, the country follows a territorial tax system, meaning that only income earned in or derived from Singapore—and foreign income remitted into Singapore—is taxable. As a result, your company can enjoy significant tax advantages.
Our Corporate Tax Advisory Covers:
- Tax computation & ECI filing within three months of your financial year-end, ensuring you stay compliant from the outset.
- Preparation and submission of Form C-S or Form C to IRAS, so your company can fulfill all tax obligations smoothly.
- Capital allowance planning for qualifying fixed assets, thus allowing you to maximize your available tax benefits.
- Managing tax residency status to access treaty benefits, thereby enhancing your company’s global tax position.
Ultimately, getting your income tax filing right from the start helps you avoid costly penalties and positions your business to benefit from Singapore’s attractive tax incentives. Therefore, proactive planning is essential for your long-term growth and peace of mind.
At Terra Advisory, we simplify compliance by providing accurate computations, clear documentation, and proactive liaison with IRAS. Consequently, you can focus on growing your business while we handle the complexities of tax compliance on your behalf.
Maximizing Startup Tax Exemptions & Incentives
Singapore’s tax regime encourages entrepreneurship through generous tax exemption schemes for new and growing companies.
Our experts identify every relief available to optimise your effective tax rate.
For the first three consecutive Years of Assessment, qualifying startups can enjoy up to 75% exemption on the first S$100,000 and 50% on the next S$100,000 of chargeable income.
For established businesses beyond the startup period, PTE offers continued relief—75% exemption on the first S$10,000 and 50% on the next S$190,000.
GST Registration & Compliance
As of 2025, Singapore’s Goods and Services Tax (GST) stands at 9%. Understanding when and how to register is crucial for startups and SMEs managing cash flow and compliance.
GST Registration
Register or deregister with IRAS quickly and accurately.
GST Return Filing
Quarterly GST return preparation and filing made easy.
Tax Reconciliation
Input and output tax reconciliation for accurate records.
Audit & Review
GST audit and compliance review for peace of mind.
Businesses must register for GST when their annual taxable turnover exceeds S$1 million or is expected to within the next 12 months.
Terra Advisory ensures full compliance with Singapore’s GST framework—so your business avoids penalties, protects input tax claims, and maintains IRAS-ready records.
Learn more in our guide:
Ultimate GST Compliance Guide for Singapore Businesses 2025.
Double Taxation Agreements (DTAs)
With over 100 active DTAs, Singapore’s treaty network ensures your business income isn’t taxed twice.
Properly applying DTA provisions can significantly reduce withholding taxes and improve cross-border cash flow.
Accounting Accuracy & Regulatory Compliance
Accurate financial records form the backbone of corporate governance.
Terra Advisory integrates your accounting, tax, and compliance workflows to ensure consistency across IRAS and ACRA submissions.
IRAS InvoiceNow Mandate 2025.
Partner with Terra Advisory Services
From startup incorporation to annual tax strategy, Terra Advisory Services is your trusted partner for navigating Singapore’s business landscape.
Speak to our specialists today and discover how we can help your company stay compliant and tax-efficient.
Guidance on Singapore corporate tax, GST, and financial reporting for growth-focused businesses