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Always consult a qualified professional before acting on any information provided.",[1110,1112],{"_key":1096,"_type":188,"externalUrl":1111,"linkType":145},"\u002Ftnc\u002Fmaster-service-agreement",{"_key":1104,"_type":188,"externalUrl":1113,"linkType":145},"\u002Fpricing",{"body":1115,"eyebrow":528,"heading":1116,"image":1117,"link":1122},"Find out how Aspire can help you speed up your end-to-end finance processes from payments to expense management.","Supercharge your finance operations",{"_type":154,"alternativeText":1118,"height":1119,"url":1120,"width":1121},"A person working at a laptop with an open notebook beside them",1026,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fd84bbcbad1e6ba37331742538394d1b0\u002F69d5f2a347377654dbe286ac_blog-post-template-04-q70.webp",1048,{"_type":143,"externalUrl":1083,"label":1123,"linkType":145},"Talk to sales",[1125,1134,1145,1155],{"_id":1126,"category":1127,"coverImage":1128,"description":1131,"publishedAt":1132,"slug":1133,"title":1129},"blogPost-SG-6aa81a1539b471392a83d4cd",{"slug":591,"title":592},{"_type":154,"alternativeText":1129,"url":1130},"Aspire Launches Aspire Account-Opening Integration With Osome","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4a31adfeaddefdf9b7f4ef5f566c00ad\u002F6aa81a1339b471392a83d438_Aspire-Osome.jpeg","Aspire and Osome partner to enable faster Business Account opening","2026-09-16T00:00:00.000Z","aspire-osome-account-opening-integration",{"_id":1135,"category":1136,"coverImage":1139,"description":1142,"publishedAt":1143,"slug":1144,"title":1140},"blogPost-SG-6a8c6a9a178cfe861275b350",{"slug":1137,"title":1138},"finance-tools","Finance Tools",{"_type":154,"alternativeText":1140,"url":1141},"Stripe payment processing for Singapore businesses: Setup, fees, and alternatives","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fcb6607760ee020276ebb5087fbf64245\u002F6a8c6a98178cfe861275b2fb_EXPENSE-MGMT-49.jpeg","Learn how Stripe works in Singapore, how to set it up, fees and payouts, accepted payment methods, and options for growing businesses.","2026-09-09T00:00:00.000Z","stripe-payment-processing-singapore-businesses",{"_id":1146,"category":1147,"coverImage":1150,"description":1153,"publishedAt":1143,"slug":1154,"title":1151},"blogPost-SG-6a95a525d8f437f2334d1202",{"slug":1148,"title":1149},"business-advice","Business Advice",{"_type":154,"alternativeText":1151,"url":1152},"Payroll outsourcing in Singapore: What founders need to know","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4ab5f167b1dd7ea6df896c17cf95674e\u002F6a95a521d8f437f2334d113d_PAYMENTS-14.jpeg","Learn about payroll outsourcing, including costs, services, benefits, risks, and how to choose the right provider for your business in Singapore.","payroll-outsourcing-singapore-explained",{"_id":1156,"category":1157,"coverImage":1158,"description":1161,"publishedAt":1143,"slug":1162,"title":1159},"blogPost-SG-6a95a538fb9a05eaf4b9774c",{"slug":1148,"title":1149},{"_type":154,"alternativeText":1159,"url":1160},"Global payroll outsourcing: How it works for Singapore businesses in 2026","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fbe849a3e08f8d5d0a5bcbbffb5b2ba7b\u002F6a95a537fb9a05eaf4b97747_PAYMENTS-45.jpeg","Learn how global payroll outsourcing works for Singapore businesses, from local payroll requirements and compliance to EORs and choosing the right provider.","global-payroll-outsourcing",{"data":1164,"sourceMap":-1},{"_id":1165,"_updatedAt":1166,"alternates":1167,"areSourcesShown":152,"author":1169,"body":1179,"category":1928,"coverImage":1929,"excerpt":1933,"faq":246,"intro":1941,"isFaqShown":152,"isSummaryShown":152,"isVideoShown":152,"publishedAt":1963,"reviewer":246,"seo":1964,"slug":1966,"sources":246,"title":1930,"video":246},"blogPost-SG-65a9e9bbd0bdabb429b1e284","2026-09-24T08:37:48Z",[1168],{"canonicalUrl":246,"isNoIndex":246,"language":246,"market":84,"pathPrefix":246},{"avatar":1170,"bio":1175,"doesServePage":141,"linkedinUrl":1176,"name":1171,"role":1177,"slug":1178,"twitterUrl":246},{"_type":154,"alternativeText":1171,"height":1172,"url":1173,"width":1174},"Aaron Oh",531,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fe9dd13f054f96ed8109919914ded7706\u002F656ee6448fe54a42218817dc_DSC_0048.jpg",413,"Aaron is a seasoned content writer specialising in finance, insurance and tech industries. With a writing history at S&P Global, EdgeProp, Indeed, Prudential, and others, Aaron leverages finance knowledge and business insights to help businesses improve productivity and performance.","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Faaron-oh","Writer","aaron-oh",[1180,1189,1197,1205,1215,1223,1231,1239,1247,1255,1263,1271,1288,1296,1304,1312,1320,1328,1336,1344,1361,1369,1377,1385,1393,1401,1409,1417,1425,1433,1441,1449,1457,1465,1473,1481,1489,1497,1505,1513,1521,1529,1537,1545,1562,1570,1578,1586,1594,1602,1610,1618,1626,1634,1643,1651,1659,1667,1675,1683,1691,1699,1707,1715,1723,1731,1739,1747,1755,1763,1771,1786,1794,1802,1810,1818,1826,1834,1842,1858,1876,1890,1905,1920],{"_key":1181,"_type":170,"children":1182,"markDefs":1187,"style":1188},"k2",[1183],{"_key":1184,"_type":174,"marks":1185,"text":1186},"k1",[],"#1. Apply for the Startup Tax Exemption Scheme (SUTE)",[],"h2",{"_key":1190,"_type":170,"children":1191,"markDefs":1196,"style":190},"k5",[1192],{"_key":1193,"_type":174,"marks":1194,"text":1195},"k4",[],"One of the sure-fire ways companies can reduce their taxes is by tapping on tax exemption schemes. Fortunately, there are a variety of schemes available here in Singapore. One that you should be aware of is the Startup Tax Exemption Scheme (SUTE). Introduced by the Singapore government in the Year of Assessment (YA) 2005 to encourage entrepreneurship and support business growth, SUTE was further revised after the Budget 2018 announcement to offer even more support.",[],{"_key":1198,"_type":170,"children":1199,"markDefs":1204,"style":190},"k8",[1200],{"_key":1201,"_type":174,"marks":1202,"text":1203},"k7",[],"If your startup is eligible for SUTE, it can enjoy the following exemptions on or after YA 2020:",[],{"_key":1206,"_type":170,"children":1207,"level":1212,"listItem":1213,"markDefs":1214,"style":190},"k11",[1208],{"_key":1209,"_type":174,"marks":1210,"text":1211},"k10",[],"75% tax exemption on the first $100,000 of your startup’s chargeable income",1,"bullet",[],{"_key":1216,"_type":170,"children":1217,"level":1212,"listItem":1213,"markDefs":1222,"style":190},"k14",[1218],{"_key":1219,"_type":174,"marks":1220,"text":1221},"k13",[],"50% tax exemption on the next $100,000 of your startup’s chargeable income",[],{"_key":1224,"_type":170,"children":1225,"markDefs":1230,"style":190},"k17",[1226],{"_key":1227,"_type":174,"marks":1228,"text":1229},"k16",[],"It’s worth noting that the exemptions above will only kick in for the initial 3 consecutive YAs. Once your startup has been incorporated for more than 3 years, you can apply for the Partial Tax Exemption (PTE) scheme instead.",[],{"_key":1232,"_type":170,"children":1233,"markDefs":1238,"style":190},"k20",[1234],{"_key":1235,"_type":174,"marks":1236,"text":1237},"k19",[],"Under the PTE, look forward to:",[],{"_key":1240,"_type":170,"children":1241,"level":1212,"listItem":1213,"markDefs":1246,"style":190},"k23",[1242],{"_key":1243,"_type":174,"marks":1244,"text":1245},"k22",[],"75% tax exemption on the first $10,000 of your startup’s chargeable income",[],{"_key":1248,"_type":170,"children":1249,"level":1212,"listItem":1213,"markDefs":1254,"style":190},"k26",[1250],{"_key":1251,"_type":174,"marks":1252,"text":1253},"k25",[],"50% tax exemption on the next $190,000 of your startup’s chargeable income",[],{"_key":1256,"_type":170,"children":1257,"markDefs":1262,"style":190},"k29",[1258],{"_key":1259,"_type":174,"marks":1260,"text":1261},"k28",[],"The good news is that there’s no need to do the math on how much tax exemption your startup is qualified for before filing your ECI. IRAS helps to calculate and apply the SUTE or PTE amount automatically. All you need to do is indicate that your company is eligible for the tax exemption schemes for new startups in the File ECI portal.",[],{"_key":1264,"_type":170,"children":1265,"markDefs":1270,"style":190},"k32",[1266],{"_key":1267,"_type":174,"marks":1268,"text":1269},"k31",[],"FYI: If you have businesses that provide distinctly separate services and are run by separate teams, you can consider setting them up as two separate companies to minimize your tax liabilities. 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Support Social Causes Through the Corporate Volunteer Scheme (CVS)",[],{"_key":1297,"_type":170,"children":1298,"markDefs":1303,"style":190},"k46",[1299],{"_key":1300,"_type":174,"marks":1301,"text":1302},"k45",[],"Want to do good while saving on taxes? Through the Corporate Volunteer Scheme (formerly known as BIPS), your company can receive a 250% tax deduction on qualifying expenditure when organizing volunteer work with recognized Institutions of a Public Character (IPCs), albeit subject to the IPC’s agreement and having met the conditions under CVS.",[],{"_key":1305,"_type":170,"children":1306,"markDefs":1311,"style":190},"k49",[1307],{"_key":1308,"_type":174,"marks":1309,"text":1310},"k48",[],"What you can claim under CVS:",[],{"_key":1313,"_type":170,"children":1314,"level":1212,"listItem":1213,"markDefs":1319,"style":190},"k52",[1315],{"_key":1316,"_type":174,"marks":1317,"text":1318},"k51",[],"Basic wages",[],{"_key":1321,"_type":170,"children":1322,"level":1212,"listItem":1213,"markDefs":1327,"style":190},"k55",[1323],{"_key":1324,"_type":174,"marks":1325,"text":1326},"k54",[],"Related expenses necessary to providing services to IPCs",[],{"_key":1329,"_type":170,"children":1330,"markDefs":1335,"style":190},"k58",[1331],{"_key":1332,"_type":174,"marks":1333,"text":1334},"k57",[],"From 1 Jan 2024, the scope of qualifying volunteering activities will be expanded to include activities which are conducted virtually or outside of the IPCs' premises, and the qualifying expenditure cap per IPC will be increased from $50,000 to $100,000 per calendar year.",[],{"_key":1337,"_type":170,"children":1338,"markDefs":1343,"style":190},"k61",[1339],{"_key":1340,"_type":174,"marks":1341,"text":1342},"k60",[],"This means that if you’ve spent more than $100,000 in expenditure from your startup’s volunteer work, the tax deduction of 250% will only be applicable to the first $100,000 for that calendar year.",[],{"_key":1345,"_type":170,"children":1346,"markDefs":1358,"style":190},"k69",[1347,1351,1355],{"_key":1348,"_type":174,"marks":1349,"text":1350},"k66",[],"Find out more about the CVS ",{"_key":1352,"_type":174,"marks":1353,"text":181},"k67",[1354],"k63",{"_key":1356,"_type":174,"marks":1357,"text":185},"k68",[],[1359],{"_key":1354,"_type":188,"externalUrl":1360,"linkType":145},"https:\u002F\u002Fwww.iras.gov.sg\u002Ftaxes\u002Fcorporate-income-tax\u002Fincome-deductions-for-companies\u002Fbusiness-expenses\u002Fbusiness-ipc-partnership-scheme?utm_medium=blog&utm_campaign=5-ways-to-save-on-business-taxes-in-singapore-2022",{"_key":1362,"_type":170,"children":1363,"markDefs":1368,"style":1188},"k72",[1364],{"_key":1365,"_type":174,"marks":1366,"text":1367},"k71",[],"#3. Apply for the Development and Expansion Incentive (DEI) and International Headquarters Award (IHQ)",[],{"_key":1370,"_type":170,"children":1371,"markDefs":1376,"style":190},"k75",[1372],{"_key":1373,"_type":174,"marks":1374,"text":1375},"k74",[],"Ambitious startups with innovative solutions, this one’s for you. In order to bolster businesses to conduct new or expanded activities in Singapore and strengthen their capabilities in areas like technology, startups can tap on the DEI for corporate tax exemptions.",[],{"_key":1378,"_type":170,"children":1379,"markDefs":1384,"style":190},"k78",[1380],{"_key":1381,"_type":174,"marks":1382,"text":1383},"k77",[],"DEI encourages companies to engage in high value-added activities in Singapore. 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