Annual accounts are required to be filed with ACRA (Accounting & Corporate Regulatory Authority) and IRAS (Inland Revenue Authority of Singapore)
Frequently Asked Questions : Singapore Corporate Tax
The current headline corporate tax rate in Singapore is a flat 17%. Full and partial tax exemptions are available for taxable income of up to
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
You can claim deduction for expenses that are incurred in the production of income. It must also be revenue in nature; the deduction must not be
To encourage local entrepreneurship, Singapore Government has declared a full tax exemption for newly incorporated companies:NEW START UP
Understatement of incomeBusinesses should properly account for all the earnings and invoices issued for goods sold or services rendered. Omission of
There is no tax in Singapore on Capital Gain.
Yes. Singapore companies are required to file a tax return annually.