In Singapore, understanding key tax deductions can significantly benefit businesses. Corporate tax services Singapore emphasize maximizing these deductions to minimize taxable income effectively. Here are five essential deductions: Employee Costs : Deductions cover salaries, bonuses, CPF contributions, and employee benefits, promoting a productive workforce. Rental Expenses : Businesses can deduct rental payments for office spaces or equipment leasing costs, easing operational expenses. Capital Allowances : Depreciation on tangible assets like machinery and equipment is deductible, supporting long-term investment. Research and Development (R&D) : Tax relief is available for qualifying R&D expenses, encouraging innovation and competitiveness. Business Expenses : General operating costs such as utilities, advertising, and professional services are deductible, facilitating day-to-day operations. Navigating these deductions requires expertise in corporate tax services. In Singapor...