Singapore Tax Rates

Tax rates in Singapore plays an important part in funding the government expenditure. In general, it can be said that Singapore is under the territorial tax system under which only the Singapore sourced income is taxable.

Singapore Taxation system attracts businessmen from all over the world to establish and operate their businesses in Singapore with its satisfactory corporate and personal tax rate, no capital gain tax and single-tier income tax system. Singapore corporate tax rate is one of the lowest in the Asia Pacific region, with the current rate being 17%.

Singapore Corporate Tax Rate

Singapore corporate tax rate is one of the lowest in the Asia Pacific region with the current rate being 17%. Besides, there is no capital gain tax in Singapore and it also conforms to the single-tier corporate tax system under which the tax paid by the company is the final tax and is not attributed to the dividend income of the shareholders.

Singapore Personal Tax Rate

Singapore personal tax rate differs between local residents and non-residents, ranging from 0% to 20%.

Goods & Services Tax (GST)

Goods & Services Tax (GST) is the tax charged on the supply of goods and services in Singapore and also on the import of goods into Singapore. The main objective of introduction of GST is to support the government revenue. The current rate is 7%.

Singapore Withholding Tax

Singapore withholding tax is the one imposed on the payments made to non-residents including employees, business partners and overseas agents.

Singapore Corporate Tax Rates

Corporate Tax Rates

Singapore Personal Tax Rates  

Personal Tax Rates

Singapore Taxation Services

Overview

All business decisions today have tax implications, and it is important for a company to manage their income tax requirement efficiently. Our tax professionals will keep you abreast of developments that may affect your business. We collaborate closely with you to identify and implement tax strategies that work best within your organization.

We can also assist you in structuring your executives; remuneration packages that will offer both your company and your staff the maximum tax benefits. For individuals and family held enterprises, we can help you in organizing your financial affairs in the most tax efficient manner.

Scope of Services

• Corporate tax compliance
• Partnership and personal tax filing
• Tax Planning for corporate and individual
• Singapore tax structuring and Planning
• Tax efficient structuring of employment packages
• Negotiation of tax incentives with tax authorities
• Optimizing use of tax incentives and exemptions
• Fees are subject to the complexity of the taxation accounts