Claim back refund of Corporate Tax from Singapore Government legally
Do you know that you can legally claim back Corporate Tax refund from Singapore Government, legally? Yes you can under the Tax Losses / Capital Allowances carry back scheme where, from YA 2020, Companies can carry back a maximum of S$100,000 in Tax Losses and Capital Allowances (sum of TL and CA not exceeding S$100K) up to 3 Years of Assessments (3 YAs).
see Enhanced Carry-back Relief YA 2020
