Flat rate
0.0%
Duration
15 years
Prior non-residency
—
required before applying
Standard top income tax
24.0%
Singapore, without the regime
Overview
- Regime
- Pioneer Certificate Incentive (PC)
- Country
- Singapore
- Type
- Exemption
- Status
- Active
- Effective from
- Jan 1, 1967
- Expires on
- —
Details
- Summary
- Tax exemption on qualifying income for companies engaged in pioneering activities that are beneficial to Singapore economic development.
- Eligibility
- Companies introducing new industries, expanding existing ones, or undertaking activities in the national interest
- Benefits
- Full CIT exemption on qualifying income for the incentive period (typically 5-15 years)
- Requirements
- Must be approved by Economic Development Board (EDB). Must meet investment and employment commitments.
- Limitations
- Only covers income from pioneer activities. Other income taxed at standard 17% rate.
- Income types covered
- Corporate income from pioneer activities
- Duration details
- 5-15 years
Other regimes in Singapore
| Name | Type | Rate |
|---|---|---|
| Development & Expansion Incentive (DEI) | Flat rate | 5.0% |
View source Singapore EDB