• 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)
    0%

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

    Stamp Duty
    Yes

    Capital Duty
    No

    Other Taxes
    N/A

    VAT
    Yes (Goods and Services Tax)

    VAT Standard Rate
    7%

    VAT Reduced Rate(s)
    0%

    VAT Registration Threshold
    SGD 1,000,000

    VAT Filing & Payment
    Quarterly

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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