SINGAPORE TAX GUIDE

  • Territorial tax system. You only pay tax on income earned in Singapore or as remitted to Singapore
  • A corporate tax rate of 17%
  • No tax on dividend income, capital gains, or inheritance
  • A newly incorporate qualifying Singapore company enjoys full tax exemption on the first S$100,000 of normal chargeable income and 8.5% on the next $200,000 for its first three years of assessment. Conditions apply. A company that does not qualify for this full exemption for new startup may be given a partial tax exemption
  • One tier tax system. Tax paid by a company on its chargeable income is the final tax.
  • All dividends paid by a company are exempt from Singapore tax in the hands of its shareholders
  • Favourable personal income tax rates for Singapore tax residents.

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