SSIC 2025 sub-class
Wholesale & Retail Trade Verified · 15 Apr 202546659
Wholesale of other intermediate products, waste and scrap n.e.c.
This sub-class includes wholesale of other intermediate products, waste and scrap not elsewhere classified.
Level
final
Mapped ISIC codes
1
Source
SingStat
Official data
| Official name | Singapore Standard Industrial Classification (SSIC 2025) |
| Issuing authority | Department of Statistics Singapore (SingStat / DOS) |
| Tax authority | Inland Revenue Authority of Singapore (IRAS) (IRAS) |
| Purpose | Mandatory at ACRA business/company registration; used by IRAS, MOM, EDB, SingStat |
| Active version | SSIC 2025 (15 Apr 2025) |
| Hierarchy level | Sub-class (5-digit) (final leaf) |
| Source | https://www.singstat.gov.sg/standards/standards-and-classifications/ssic |
| Prior versions | SSIC 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
Accounting and Corporate Regulatory Authority (ACRA), Enterprise Singapore 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
Correspondence tables
SSIC 2020
- 46659 — Wholesale of other intermediate products, waste and scrap n.e.c.
ISIC Rev. 5
- 4679 Wholesale of chemicals, waste and scrap and other products n.e.c.
ISIC crosswalk
Compliance risk score
Compliance risk score
Low friction
5 of 6 factors low-risk
- ✅ Verified source ≤90d
- ✅ ISIC mapping available
- ✅ SSIC 2020 migration mapped
- ✅ Full hierarchy chain
- ✅ GST registration applicable
- ⚠️ Retail licence needed?
Step-by-step guide
1. Confirm the activity matches
This sub-class includes wholesale of other intermediate products, waste and scrap not elsewhere classified.
Examples: •waste oil wholesaling
2. Check ISIC crosswalk
Maps to 1 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
Accounting and Corporate Regulatory Authority (ACRA), Enterprise Singapore — 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 Wholesale & Retail Trade cluster.
Second-hand goods dealer
Buys and sells used furniture, electronics, and collectibles.
Typically also needs
Police second-hand goods dealer licence, URA premises approval.
Supermarket manager
Runs full-line grocery operation.
Typically also needs
SFA food retail licence, NEA public health compliance, MUIS halal for fresh counters.
E-commerce seller
Sells goods through online marketplaces and own website.
Typically also needs
ACRA registration, IRAS GST registration if > SGD 1M, PDPA for customer data.
Convenience store franchisee
Operates neighbourhood retail outlet.
Typically also needs
SFA food shop licence if selling food, NEA tobacco retail licence if applicable.
Motor vehicle dealer
Sells new and used cars, motorcycles, and commercial vehicles.
Typically also needs
LTA vehicle dealer registration, URA premises use, CASE accreditation optional.
Related codes
Parent division
46 WHOLESALE TRADEParent section
G WHOLESALE AND RETAIL TRADEAlphabetical index entries
Frequently asked questions
About this specific SSIC code and the Wholesale & Retail Trade sector
Is a GST registration required for retail?
Businesses with taxable turnover exceeding SGD 1 million in a 12-month period must register for GST with IRAS. Voluntary registration is also possible.
What consumer protection rules apply?
The Consumer Protection (Fair Trading) Act and Lemon Law provisions apply to retail transactions. Unfair practices and defective goods obligations are enforced by CASE and the courts.
Do I need any specific retail licence?
Most general retail does not require a sector-specific licence beyond ACRA registration. However, certain products — alcohol, tobacco, pharmaceuticals, second-hand goods — have additional licensing requirements.
What labelling requirements apply to products sold?
Enterprise Singapore administers consumer protection regulations, including labelling requirements. Specific product categories may have their own labelling rules.
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
What to do next
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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