Author name: rac

Entrepreneur Pass (EntrePass) If you are an entrepreneur looking to set up a business in Singapore, you may be eligible to apply for an Entrepreneur Pass (EntrePass). Find out more about the criteria, process and other information that you need to know about applying for an EntrePass. What is an EntrePass? The Entrepreneur Pass (EntrePass) …

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Guide To Singapore Double Tax Treaties TAX TREATIES ENABLE YOU TO ACCESS RELIEF FROM DOUBLE TAXATION, EITHER BY WAY OF TAX CREDITS, TAX EXEMPTIONS OR REDUCED WITHHOLDING TAX RATES. THESE RELIEFS VARY FROM COUNTRY TO COUNTRY AND ARE DEPENDENT ON THE SPECIFIC ITEMS OF INCOME. FIND OUT MORE ABOUT SINGAPORE’S DOUBLE TAX TREATIES. The development …

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Withholding tax in Singapore If you’re a non-resident company or individual based in Singapore, you may be charged a Singapore withholding tax. Read on to find out more. What is Singapore withholding tax? Singapore withholding tax (known as tax deduction at source in other countries) refers to the tax withheld and paid to the Inland …

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Goods and Services Tax (GST) This guide provides an overview of the key concepts of Singapore’s Goods & Services Tax (GST) system as it relates to Singapore companies – definition of GST, registration requirements, advantages and disadvantages of GST registration, filing GST returns, and schemes to aid businesses. The Goods and Services Tax (GST) was …

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Annual Filings for Singapore Companies This guide highlights the annual filing requirements for Singapore private limited companies and apply to both active and inactive companies. Preparation of Financial Statements Based on your company’s financial activities during the accounting year, you must prepare your annual financial statements in accordance with the Financial Reporting Standards of Singapore. …

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Singapore Corporate Tax Guide Singapore is often cited as the leading example of countries that continues to reduce corporate income tax rates and introduce various tax incentives to attract and keep global investments. Singapore has a single-tier territorial based flat-rate corporate income tax system. Effective tax rates as one of the lowest in the world …

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Singapore Tax System & Tax Rates Investors turn to Singapore for establishing their operations for several reasons. The ease of setting up and operating businesses is a prime motivator. Another central determinant is Singapore’s tax regime – well-known for its attractive corporate and personal tax rates, tax relief measures, absence of capital gains tax, one-tier …

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