• Singapore Tax Features

  • Taxable Basis
    Singapore tax resident companies are taxed on all income generated or remitted in Singapore whereas non-Singapore tax resident companies are taxed only on income generated or accrued in Singapore

    Taxable Period
    Calendar or accounting year

    Corporation Tax Rate(s)
    17% but 75% of the first SGD 10,000 and 75% of the next SGD 290,000 are exempt

    Ordinary Tax Losses
    Can be carried forward indefinitely. Can be carried back for 1 year subject to a cap of SGD 100,000

    Capital Gains
    Not taxable

    Capital Gains Tax Rate(s)

    Capital Losses
    Not tax-deductible since capital gains are not taxable

    Stamp Duty

    Capital Duty

    Other Taxes

    Yes (Goods and Services Tax)

    VAT Standard Rate

    VAT Reduced Rate(s)

    VAT Registration Threshold
    SGD 1,000,000

    VAT Filing & Payment

Compare Singapore to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

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