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SS Singapore SSIC Reference index

SSIC 2025 sub-class

Transport & Logistics Verified · 15 Apr 2025

30120

Building and repair of pleasure crafts, lighters and boats

This sub-class includes: •building and/or repairing of: - sailboats with or without auxiliary motor - motor boats - recreation-type hovercraft - yachts •manufacture of: - inflatable boats and/or rafts - personal watercraft - other pleasure and/or sporting boats (e.g., canoes, kayaks, rowing boats, skiffs) •factory conversion of pleasure and/or sporting boats

SSIC hierarchy ISIC class Crosswalks

Level

final

Mapped ISIC codes

2

Source

SingStat

Official data

Official nameSingapore Standard Industrial Classification (SSIC 2025)
Issuing authorityDepartment of Statistics Singapore (SingStat / DOS)
Tax authorityInland Revenue Authority of Singapore (IRAS) (IRAS)
PurposeMandatory at ACRA business/company registration; used by IRAS, MOM, EDB, SingStat
Active versionSSIC 2025 (15 Apr 2025)
Hierarchy levelSub-class (5-digit) (final leaf)
Sourcehttps://www.singstat.gov.sg/standards/standards-and-classifications/ssic
Prior versionsSSIC 2020, SSIC 2015

When you need this code

ACRA registration

Select this code as principal or secondary SSIC when registering your business entity via BizFile+.

Licensing

Land Transport Authority (LTA), Maritime and Port Authority (MPA), Civil Aviation Authority (CAAS) may require sector-specific licence. Check with authority.

Tax filing

IRAS uses SSIC for industry profiling. File Form C / C-S / C-S (Lite) via myTax Portal annually.

Banking

Banks may request your registered SSIC for KYC, merchant acquiring, and sector risk assessment.

Hierarchy

C→30→301→3012→30120 Building and repair of pleasure crafts, lighters and boats

Correspondence tables

SSIC 2020

  • 30120 — Building and repair of pleasure crafts, lighters and boats

ISIC Rev. 5

  • 3012 Building of pleasure and sporting boats
  • 3315 Repair and maintenance of transport equipment, except motor vehicles

ISIC crosswalk

ISIC Rev. 5 class 3012 Building of pleasure and sporting boats Open ISIC class page with reverse SSIC links. ISIC Rev. 5 class 3315 Repair and maintenance of transport equipment, except motor vehicles Open ISIC class page with reverse SSIC links. Full table SSIC 2025 to ISIC Rev. 5 Open the full correspondence table.

Compliance risk score

Compliance risk score

1

Low friction

5 of 6 factors low-risk

  • ✅ Verified source ≤90d
  • ✅ ISIC mapping available
  • ✅ SSIC 2020 migration mapped
  • ✅ Full hierarchy chain
  • ✅ GST registration applicable
  • ⚠️ Licensed operator?
How we calculate this score

Step-by-step guide

1. Confirm the activity matches

This sub-class includes: •building and/or repairing of: - sailboats with or without auxiliary motor - motor boats - recreation-type hovercraft - yachts •manufacture of: - inflatable boats and/or rafts - personal watercraft - other pleasure and/or sporting boats (e.g., canoes, kayaks, rowing boats, skiffs) •factory conversion of pleasure and/or sporting boats

Examples: <Blank>

2. Check ISIC crosswalk

Maps to 2 ISIC Rev. 5 class(es). Verify the international alignment matches your scope.

3. Register via BizFile+

File entity registration with ACRA at https://www.bizfile.gov.sg. Declare this SSIC code as principal or secondary.

4. Apply for sector licences

Land Transport Authority (LTA), Maritime and Port Authority (MPA), Civil Aviation Authority (CAAS) — check the relevant authority for specific licence requirements and application forms.

Applicable taxes & forms

Corporate income tax

Rate: 17%

75% exemption on first SGD 10,000 + 50% on next SGD 190,000

GST

Rate: 9% (since 1 January 2024)

Threshold: SGD 1,000,000. If registered, InvoiceNow e-invoicing may apply.

Applicable filings

Form C

myTax Portal · Annual (by 30 Nov for paper, 15 Dec e-file)

Full corporate income tax return for companies. Requires audited/unaudited financial statements.

Form C-S

myTax Portal · Annual (by 15 Dec)

Simplified return for companies with revenue ≤ SGD 5M and deriving income taxed at prevailing corporate rate.

Form C-S (Lite)

myTax Portal · Annual (by 15 Dec)

Simplest return for companies with revenue ≤ SGD 200K.

Form F5

myTax Portal · Quarterly

GST return. GST-registered businesses must file within 1 month of quarter end.

Estimated Chargeable Income (ECI)

myTax Portal · Within 3 months of FYE

Compulsory for all companies. IRAS issues Notice of Assessment based on ECI.

Form B

myTax Portal · Annual (by 15 Apr paper, 18 Apr e-file)

Tax return for self-employed persons and sole-proprietors.

Form B1

myTax Portal · Annual (by 15 Apr paper, 18 Apr e-file)

Simplified return for self-employed with revenue < SGD 200K.

Form IR8A

Auto-Inclusion Scheme / employer submission · Annual (by 1 Mar)

Employer return of employee remuneration. Mandatory for 6+ employees.

Who uses this code

Typical professionals and business operators mapped to the Transport & Logistics cluster.

Bus operator (private)

Runs private bus and coach services.

Typically also needs

LTA bus service operator licence, LTA vehicle inspection, driver vocational licence.

Last-mile delivery fleet manager

Coordinates parcel delivery drivers and route optimization.

Typically also needs

LTA GVL for vans, MOM employment regulations, GPS tracking setup.

Logistics company owner

Operates warehousing and freight distribution.

Typically also needs

LTA Goods Vehicle Licence, MOM WSH risk assessment for warehouse, customs permit.

Freight forwarder

Arranges international sea and air cargo shipments.

Typically also needs

MPA/MES freight forwarder registration, customs broker permit, CAAS for air freight.

Ride-hail driver

Provides point-to-point passenger transport.

Typically also needs

LTA PDVL vocational licence, vehicle commercial insurance, CPF Medisave top-ups for self-employed.

Related codes

Parent class

3012 Building of Pleasure Boats and Sporting Boats

Parent division

30 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT

Parent section

C MANUFACTURING

Sibling codes

class 3012 Building of Pleasure Boats and Sporting Boats

Alphabetical index entries

Principal Title 30120 Building and repair of pleasure crafts, lighters and boats Alternative Title 30120 Boat building Alternative Title 30120 Boat yard Alternative Title 30120 Building of yachts Alternative Title 30120 Factory conversion of pleasure and sporting boats Alternative Title 30120 Fibreglass boat building

Frequently asked questions

About this specific SSIC code and the Transport & Logistics sector

Are special aviation certifications required?

Air transport and related services under the Civil Aviation Authority of Singapore (CAAS) framework need an Air Operator Certificate and may be subject to Changi Airport Group operational rules.

What insurance is mandatory for transport operators?

Motor vehicle third-party liability insurance is compulsory. Freight forwarders and logistics providers often carry cargo liability and professional indemnity coverage as a contractual requirement.

Do I need an operator licence from LTA?

Road freight and passenger transport operators typically require a Goods Vehicle Licence, Public Service Vehicle Licence, or equivalent from the Land Transport Authority. Check the specific licence class for your vehicle type and operational scope.

What maritime permits apply under this SSIC code?

If the activity involves port or harbour operations, the Maritime and Port Authority (MPA) may require a Port Limit Licence, Harbour Craft Licence, or specific operator approval.

What is SSIC and why does it matter?

The Singapore Standard Industrial Classification (SSIC) is the national system for categorising business activities. It is mandatory at ACRA registration and is used by IRAS, MOM, and other government agencies for tax, licensing, statistical, and policy purposes.

Do I need to register with this SSIC code?

Every business entity registered with ACRA must select at least one SSIC code that best describes its principal economic activity. You can declare up to two codes — one primary and one secondary — via BizFile+.

What international standard does SSIC map to?

SSIC 2025 is aligned with the UN International Standard Industrial Classification (ISIC) Rev. 5. Each SSIC code maps to one or more ISIC Rev. 5 classes, making Singapore business data internationally comparable.

Can I hold more than one SSIC code at the same time?

Yes. ACRA allows one primary SSIC code and one secondary SSIC code per registered entity. If your business spans multiple distinct activities, choose the code that generates the highest share of revenue as primary.

How do I change my registered SSIC code?

You can update your SSIC code through BizFile+ by filing a "Change in Business Activity" transaction. Changes take effect upon ACRA approval. IRAS and other agencies should also be notified if the change affects tax classification.

Official sources

SingStat SSIC page Official · opens in new tab ACRA BizFile+ Official · opens in new tab IRAS website Official · opens in new tab GoBusiness Singapore Official · opens in new tab UN ISIC Rev. 5 Official · opens in new tab Data.gov.sg Official · opens in new tab Enterprise Singapore Official · opens in new tab

What to do next

Register entity

Go to BizFile+ and register your company or business with this SSIC code.

Verify ISIC mapping

Check the full SSIC 2025 to ISIC Rev. 5 correspondence table.

Tax obligations

IRAS for corporate tax, GST registration, and filing requirements.

Data source: Department of Statistics Singapore (SingStat / DOS) (https://www.singstat.gov.sg/standards/standards-and-classifications/ssic). The site mirrors official workbook data and adds deterministic cluster mapping and risk scoring. Not the authoritative source — always verify against the original spreadsheet.

Last data refresh: 15 Apr 2025. Classification version: SSIC 2025.

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