Corporate Taxation in Singapore - Frequently Asked Questions
Qn. What is corporate tax rate in Singapore?
Ans. Singapore has recently introduced significant new corporate tax cuts and benefits that will come into effect when filing taxes from 2008 onwards.
Qn. Are there any corporate tax exemptions available in Singapore?
Ans. Full and partial tax exemptions are available for Singapore companies.
For more details, refer to the above links.
Recommended Notes
Qn. What is the difference between a resident and a non-resident Singapore Company?
Ans. A company is resident in Singapore if the control and management of the company is exercised in Singapore. In general, the control and management of the company is taken to be the place where the Board of Directors' meetings are held.
Generally, a non-resident company enjoys the same privileges as a resident company. It has the same obligations and rights under the Act. However, a non-resident company is unable to take advantage of Singapore's tax treaties with other countries.
