Tax Exemption for Companies in Singapore

Singapore is known as a best city for incorporation, not only for their robust economy but also for their government support and tax system. Once having completed company registration in Singapore, a company can enjoy attractive tax exemption from the government as a means of supporting investment and entrepreneurship.

With effect from Year of Assessment 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company.

 

 

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