Singapore Corporate Tax Rate
A company is taxed at 17% flat rate on its chargeable income regardless of whether the company is a local or foreign company.
Newly Registered Companies enjoy full tax exemption
From 2010 onwards, newly registered companies can enjoy tax exemption on the first $100000 chargeable income for the initial 3 years.
Tax exemptions conditions:
A private company registered in Singapore.
Has less than 20 individual shareholders and one shareholder hold minimum 10% of the ordinary shares issued of the company.
In that year of assessment, the company is considered as Singapore tax resident.
Singapore has no capital gain tax
Income tax is paid by a company on its chargeable income
There is no tax on dividend payment.
A company is Singapore Resident for tax purposes when:
Board meetings take place in Singapore
Manage and control are exercised in Singapore