Corporate Income Tax: Deductibility of Expenses

Business expenses that qualify for tax deduction will reduce the company’s taxable income and the amount of tax it needs to pay.
Watch this video or visit www.go.gov.sg/BusinessExpenses for more information.
This information aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.
Visit www.iras.gov.sg for the latest information.
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[@sujansingbasnet2504]

what if business pay insurance for the next year can they deduct this year?

[@kevinken2576]

Oh

[@kirawu4507]

great illustration but the voice is too low