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About Singapore Taxation

Overview of Singapore Taxation
Overview of Singapore Taxation
All businesses need to pay income tax as long as their income was derived from or remitted into Singapore. There are other taxes you may need to pay (e.g. withholding, goods and services, property, stamp duty) depending on your business.
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Taxation of International Executives
Taxation of International Executives
Tax Year
The general rule in Singapore is that the government assesses tax for the preceding calendar year on income of an individual, and does so in the following calendar year (Year of Assessment). Continue reading

Singapore's Industry Specific Tax Incentives
Singapore’s Industry Specific Tax Incentives
Did you know that your Singaporean business might benefit from industry-specific and investment-related tax incentives? It’s true, thanks to the Singapore Income Tax Act and follow-on legislation. Continue reading

PIC Bonus
PIC Bonus
The PIC Bonus gives businesses a dollar-for-dollar matching cash bonus for YAs 2013 to 2015, subject to an overall cap of $15,000 for all 3 YAs combined. Continue reading

Tax Planning for Investment Property in Singapore
Tax Planning for Investment Property in Singapore
80 percent of Singapores population will live within a 10-minute walk of an MRT station by 2030. Two new MRT lines were unveiled today Continue reading

Tax Planning For Company
Tax Planning For Company
All businesses will be subject to taxes, in one way or another. Understanding the tax regulations and reliefs available are essential to remain compliant with the relevant laws. Continue reading

Tax Saving For Setup Company
Tax Saving For Setup Company
All sole proprietorships and partnership in Singapore are taxed based on the personal income tax rate of their owners under the Income Tax Act. Continue reading

Personal Income Tax Planning
Personal Income Tax Planning
The purpose of this guide is to provide information about how to save your personal income tax every year (for tax resident in Singapore). Continue reading

Goods and Services Tax (GST) in Singapore
Overview of Goods and Services Tax (GST) in Singapore
Goods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT. Continue reading

Should I registered GST for my Company?
Should I registered GST for my Company?
GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. Continue reading

Should I Register GST for my Sole-Proprietorship?
Should I Register GST for my Sole-Proprietorship?
When it comes to Goods and Services Tax (“GST”) compliance, there are many practical issues that businesses need to consider. Amongst these is determining whether your business is liable for GST registration.
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If you need help on tax matters:
Contact our 3E tax consultant at 3e@3ecpa.com.sg
Visit this IRAS website on corporate tax www.iras.gov.sg
You can also contact IRAS at:
Local Toll-Free: 1800 356 8622
International: (65) 6356 8622

Email via IRAS website