As a Singapore subsidiary, your company will be entitled to the following benefits: Your company may be eligible for income tax exemption available for new startup companies, provided that the company satisfies the following conditions: 100% shares allotted to Corporate Shareholders(s); partial exemption at least 10% shares allotted to Individual…Read More
Taxation & Accounting FAQs / Corporate Tax Reliefs
A Singapore “resident” company is one for which the control and management of the business is exercised in Singapore. This means that a company which is not resident in Singapore will not be subject to its taxation system in Singapore e.g. branch office of a Foreign Company. Because of certain…Read More
Companies that do not meet the qualifying conditions for SUTE would still be eligible for partial tax exemption. Partial tax exemption is given to all companies on chargeable income of up to $300,000 as follows: 75% tax exemption on your first $10,000 of chargeable income and a further 50% exemption…Read More
A Singapore Branch Office is considered a non-resident company for tax purposes. Hence, it is not eligible for tax incentives. This is why most foreign companies prefer to set up a Subsidiary Company rather than a Branch Office.
Yes. Singapore companies are required to file a tax return annually.
To encourage foreign capital inflow into Singapore, there are tax incentives provided to various industries namely in the form of reduced corporate tax rates. Finance & Treasury Centre Co. 10% Fund Manager 10%/exempt Headquarters Co. 10% International Commodity Trader 10% Offshore Leasing 10% Oil Trader 10% Securities Company 10%/exempt Trustee…Read More