75% exemption on the first S$100,000 of normal chargeable income*; and  A further 50% exemption on the next S$100,000 of the normal chargeable income*.

Full exemption on the first S$100,000 of normal chargeable income*; and  A further 50% exemption on the next S$200,000 of normal chargeable income*.

*Normal chargeable income refers to income to be taxed at the prevailing Corporate Income tax rate of 17%

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