Corporate Tax Calculator (YA 2024)
Calculate your exact corporate tax liability taking into account the Startup Tax Exemption (SUTE) or the Partial Tax Exemption (PTE).
Tax Breakdown
Chargeable Income:
Total Exemption Amount:
Net Taxable Income:
Tax Payable (17%):
Effective Tax Rate:
How the exemptions work (YA 2024 onwards)
Startup Tax Exemption (SUTE)
Available for the first three consecutive Years of Assessment (YAs) for qualifying new companies.
| Chargeable Income Tier | Exemption % | Max Exempt Amount |
|---|---|---|
| First $100,000 | 75% | $75,000 |
| Next $100,000 | 50% | $50,000 |
| Total Maximum Exemption | - | $125,000 |
Partial Tax Exemption (PTE)
Applicable to all other companies (Year 4 onwards, or startups that don't meet SUTE criteria).
| Chargeable Income Tier | Exemption % | Max Exempt Amount |
|---|---|---|
| First $10,000 | 75% | $7,500 |
| Next $190,000 | 50% | $95,000 |
| Total Maximum Exemption | - | $102,500 |