Service activities incidental to oil and gas extraction (except surveying and engineering design and consultancy services supporting mining, oil and gas extraction and offshore exploration activities)

classLevel 4Use for ACRA Registration

This sub-class includes oil and/or gas field service support activities such as: - directional drilling and/or redrilling - cementing oil and/or gas well casings - pumping, plugging and/or abandoning wells - leasing of Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO), and/or Floating Storage Regasification Unit (FSRU) vessels with operators

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

09-SERVICE ACTIVITIES INCIDENTAL TO OIL AND GAS EXTRACTION (EXCEPT SURVEYING AND ENGINEERING DESIGN AND CONSULTANCY SERVICES SUPPORTING MINING, OIL AND GAS EXTRACTION AND OFFSHORE EXPLORATION ACTIVITIES)

Group

090-SERVICE ACTIVITIES INCIDENTAL TO OIL AND GAS EXTRACTION (EXCEPT SURVEYING AND ENGINEERING DESIGN AND CONSULTANCY SERVICES SUPPORTING MINING, OIL AND GAS EXTRACTION AND OFFSHORE EXPLORATION ACTIVITIES)

Current class

09002-Service activities incidental to oil and gas extraction (except surveying and engineering design and consultancy services supporting mining, oil and gas extraction and offshore exploration activities)

Need help choosing?

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

Read the SSIC Guide