Deductible and Non‑deductible Expenses Checklist

This checklist is designed for founders and directors of Singapore startups, particularly tech startups, IT companies, telecom businesses, and ecommerce ventures. It helps them understand which business expenses are deductible for corporate tax purposes and which are not, ensuring proper tax planning and compliance.

The checklist categorises expenses across key areas, including business administration, human resources, debt management, medical and CPF-related costs, travelling and transport, real estate, and promotional activities. It provides clear examples for each category.

Correctly identifying deductible expenses reduces taxable profits, lowers corporate tax liabilities, and ensures compliance with IRAS requirements. Tech startups and IT companies can optimise their spending and avoid mistakes that could trigger penalties or audits.

Yes. By categorising expenses accurately, the checklist supports structured bookkeeping and prepares companies for annual financial reporting. It helps founders maintain records in accordance with Singapore Financial Reporting Standards (SFRS) and IRAS guidelines.

Absolutely. The checklist is applicable to tech startups, IT firms, telecoms, and ecommerce businesses. It helps digital-first companies track costs related to online operations, promotions, and logistics while remaining tax-compliant in Singapore.