|
Singapore has very competitive Income tax rates (Currently) of 20% on the Singapore sourced Income and Certain foreign incomes are tax-free. |
|
Tax exemption, is available for a newly incorporated Exempt Private Company (EPC). The first S$100,000 taxable income is fully exempt for the 1st 3years of the relevant period. |
|
Tax incentive schemes are available for new or incremental business |
|
Tax exemption for qualifying foreign-sourced dividends, branch income and service fees remitted to Singapore |
|
Group relief for qualifying company to utilize losses of another company within the same group to offset against its current year assessable income. |
|
Double deductions available for prescribed expenditure |
|
Generous capital allowances and industrial building allowances. |
|
No withholding tax on dividend payments |
|
No thin capitalization or earnings stripping rules |
|
No capital gains tax in Singapore |
|
Singapore has extensive treaty network to avoid the incidence of double taxation. |
|
Tax exemption for all foreign income received by an individual in Singapore. |
