o support young enterprises, the Inland Revenue Authority of Singapore (IRAS) offers a Tax Exemption Scheme for New Start-Ups. For its first three consecutive Years of Assessment (YAs), an eligible qualifying company receives: A 75% exemption on the first S$100,000 of normal chargeable income. A 50% exemption on the next S$100,000 of normal chargeable income. Note: To qualify, the company must be incorporated in Singapore, tax resident in Singapore for that YA, and have no more than 20 individual shareholders.
