SSIC 2025: A Timely Reminder for Businesses to Review Their Activities
Last updated on 25 May 2026
Businesses in Singapore may have recently received notifications from ACRA informing them that their Singapore Standard Industrial Classification (“SSIC”) codes have been updated from the SSIC 2020 version to the new SSIC 2025 classification framework.
While this may appear to be a routine administrative update, businesses should still review the updated classifications carefully to ensure they accurately reflect the company’s current business activities.
SSIC codes are used by government agencies to classify companies’ primary and secondary business activities registered in Singapore. These classifications may affect licensing requirements, grant applications, government assistance schemes, banking reviews, and compliance obligations. As such, it is important that companies ensure their registered activities remain accurate and up to date.
As part of the transition to SSIC 2025, ACRA has automatically mapped existing SSIC 2020 codes to the closest equivalent under the new framework. Businesses whose activities remain accurately reflected under the revised classifications generally do not need to take further action.
However, companies whose business activities have evolved over time should review their updated SSIC classifications more carefully. For example, some businesses may have expanded into additional services, digital activities, or consultancy work, or into new revenue streams that are no longer fully reflected under their existing classifications.
Where the updated SSIC code does not accurately reflect the company’s business activities, businesses may update their SSIC information through BizFile+. Alternatively, companies can contact their corporate service providers (CSPs) to update their SSIC Code.
The revised SSIC 2025 framework also reflects broader changes in Singapore’s economy, including the emergence of new and emerging industries. The update aims to improve the accuracy of business classifications and align Singapore’s framework more closely with international standards.
For many SMEs, this serves as a useful reminder to periodically review whether the company’s registered business activities continue to reflect what the business actually does today. While such matters are often overlooked in day-to-day operations, ensuring that company information remains accurate and up to date can help avoid potential issues during licensing applications, banking reviews, due diligence exercises, or applications for government support schemes.
