Tax exemptions are tax reliefs given by IRAS for new Startups, partial tax relief for all companies and deduction of expenses incurred before commencement of business. Yes, new startups enjoy better tax reliefs from ACRA. The prevailing tax exemptions are given as under Newly introduced Tax Exemption for Startups from 2020 Chargeable Income%Age Exempted from TaxAmount Exempted from Tax Up to S$ 10000075S$ 75000 Next S$ 10000050S$ 50000 TOTAL S$ 200000 S$ 125,000 Tax Exemption for Startups from 2010 to 2019 Chargeable Income%Age Exempted from TaxAmount Exempted from Tax Up to S$ 100000100S$ 100000 Next S$ 20000050S$ 100000 TOTAL S$ 300000 S$ 200,000 Newly Introduced Tax Exemptions from Singapore Corporations from 2020 Chargeable Income%Age Exempted from TaxAmount Exempted from Tax Up to S$ 1000075S$ 7500 Next S$ 19000050S$ 95000 TOTAL S$ 200000 S$ 102,500 Tax Exemptions from Singapore Corporations from 2010 to 2019 Chargeable Income%Age Exempted from TaxAmount Exempted from Tax Up to $S 1000075$S 7500 Next $S 29000050$S 145000 TOTAL S$ 300000 S$ 152,500