International Headquarters (IHQ) Award, Pioneer Certificate Incentive (PC) and Development and Expansion Incentive (DEI)

• Corporate tax exemption or a concessionary tax rate of 5 per cent or 10 per cent, respectively, on income derived from headquarters/qualifying activities.

Finance and Treasury Centre (FTC) Incentive

• Reduced 8 per cent corporate tax rate on income derived from qualifying FTC services to approved network companies as well as qualifying FTC activities carried out on its account with funds obtained from qualifying sources.

IP Development Incentive

• Reduced corporate tax rate of either 5 per cent or 10 per cent on a percentage of qualifying IP income derived by it during the incentive period.
• Concessionary tax rate will also increase by 0.5 per cent at regular intervals.

Global Traders Programme

• Reduced corporate tax rate of 5 per cent or 10 per cent on qualifying trading income for three or five years.
• Qualifying trading income includes income from physical trading, brokering of physical trades and derivative trading income.

World Economic Outlook (2023); World Bank; UNESCO Institute of Statistics; International Labour Organization: Global Wage Report 2022-2023; Singapore Department of Statistics; Enterprise Singapore; Singapore Economic Development Board (EDB); Inland Revenue Authority of Singapore (IRAS)

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