Stone quarrying

classLevel 4Use for ACRA Registration

This sub-class includes extraction of building and/or monumental stone from the earth. Units in this sub-class are primarily engaged in: - quarrying, rough trimming and/or sawing of monumental and/or building stone (e.g., marble, granite, sandstone, slate) - quarrying, crushing and/or breaking of limestone - mining of gypsum, anhydrite, chalk and/or uncalcined dolomite - extraction and/or dredging of gravel - breaking and/or crushing of stone and/or gravel

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.

Classification Path

Section

B-MINING AND QUARRYING

Division

08-MINING AND QUARRYING

Group

081-QUARRYING OF STONE, SAND AND CLAY

Current class

08101-Stone quarrying

Need help choosing?

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Read the SSIC Guide