SSIC 2025 sub-class
Finance & Insurance Verified · 15 Apr 202564994
Treasury centres
This sub-class includes centralised treasury management activities, such as by treasury centres.
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
Monetary Authority of Singapore (MAS) 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
- 64994 — Treasury centres
ISIC Rev. 5
- 6499 Other financial service activities n.e.c., except insurance and pension funding activities
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
- ⚠️ MAS registration?
Step-by-step guide
1. Confirm the activity matches
This sub-class includes centralised treasury management activities, such as by treasury centres.
Examples: <Blank>
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
Monetary Authority of Singapore (MAS) — 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.
MAS Return
MASNET · Monthly/Quarterly/Annual
Regulatory returns to MAS. Schedule and form depend on licence type.
STR (Suspicious Transaction Report)
STRO · As needed
File when suspicious transaction detected under AML/CFT obligations.
Who uses this code
Typical professionals and business operators mapped to the Finance & Insurance cluster.
Fund manager
Manages investment portfolios for institutional and accredited investors.
Typically also needs
MAS CMS licence for fund management, AML/CFT compliance programme.
Insurance broker
Advisers clients and places general or life insurance policies.
Typically also needs
MAS insurance broker registration, PI insurance coverage mandatory.
Payment services provider
Offers e-wallet, remittance, or merchant acquisition services.
Typically also needs
MAS Payment Services Act licence, AML transaction monitoring system.
Family office principal
Manages single-family wealth across asset classes.
Typically also needs
MAS S13O/U tax incentive schemes, ACRA company registration.
Corporate finance adviser
Advises on M&A, IPOs, and capital raising.
Typically also needs
MAS CMS licence for corporate finance, SGX listing rules knowledge.
Related codes
Parent class
6499 Financial Service Activities n.e.c. (Except Insurance and Pension Funding Activities)Parent section
L FINANCIAL AND INSURANCE ACTIVITIESSibling codes
Alphabetical index entries
Frequently asked questions
About this specific SSIC code and the Finance & Insurance sector
Does this activity require MAS authorisation?
Financial services regulated by the Monetary Authority of Singapore (MAS) — banking, insurance, capital markets, payment services — require a licence or registration under the relevant MAS Act or regulations.
What anti-money laundering obligations apply?
MAS Notice 626 and related AML/CFT requirements apply to most financial institutions. Customer due diligence, transaction monitoring, and suspicious transaction reporting are mandatory.
Is a capital markets services licence needed?
Activities involving dealing in securities, fund management, REIT management, and corporate finance advisory typically require a Capital Markets Services (CMS) licence from MAS.
What ongoing MAS reporting is required?
MAS-licensed entities file regular returns (e.g., MAS 610 for banks, quarterly financial returns). The exact schedule depends on the licence type and entity size.
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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