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- 75% of up to the first $10,000 of a company’s
chargeable income (CI) are exempt; and
- 50% of up to the next $90,000 of the company’s
CI are exempt.
From YA2008, the partial tax exemption
threshold will be raised to $300,000, such that:
- 75% of up to the first $10,000 of a company's
CI are exempt; and
- 50% of up to the next $290,000 of the company's
CI are exempt.
The scheme applies to all companies.
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