02000

Forestry, logging and related service activities

classLevel 4Use for ACRA Registration

This sub-class includes the extraction, gathering and/or production of round wood for the forest-based manufacturing industries. Besides the production of timber, forestry activities result in products that undergo little processing, such as fire wood, charcoal, wood chips and round wood used in an unprocessed form (e.g., pit-props, pulpwood). These activities can be carried out in natural or planted forests. Units in this sub-class are primarily engaged in: - growing of standing timber: - planting - replanting - transplanting - thinning - conserving of forests and/or timber tracts - growing of pulpwood - operation of forest tree nurseries - production of round wood - gathering and/or production of fire wood - production of charcoal in the forest (using traditional methods)

SSIC Guide

Tax Incentives & Schemes

2 schemes that businesses in this SSIC code may qualify for. Eligibility is case-by-case — talk to the relevant authority.

Tax exemptionIRASPTE

Partial Tax Exemption (PTE)

Benefit: First SGD 10,000: 75% exemption; next SGD 190,000: 50% exemption. Available to all companies (including those past their 3-year SUTE window).

Eligibility: Singapore tax-resident company.

Tax exemptionIRASSUTE

Start-Up Tax Exemption (SUTE)

Benefit: First SGD 100,000 of chargeable income: 75% exemption; next SGD 100,000: 50% exemption. For each of the first 3 YAs after incorporation.

Eligibility: Newly incorporated SG-resident company, ≤ 20 individual shareholders (or one corporate holding ≥ 10%), not in investment-holding or property-development.

Note for SSIC : Excludes 64202 investment holding & 41001/68101 property development

Worth applying for any of these?

We screen eligibility and shape the application — most schemes are discretionary and need a substantive activity case.

Need help choosing?

Our guide helps you find the right SSIC code for your business activity.

Read the SSIC Guide