Companies that do not meet the qualifying conditions for SUTE would still be eligible for partial tax exemption. Partial tax exemption is given to
Frequently Asked Questions : Taxation & Accounting
Is filing a tax return necessary if my company did not gain any profits for the year?
Yes. Singapore companies are required to file a tax return annually.
If I am liable to register for Goods & Services Tax (GST), can I choose the date that I want to commence registration?
Once you are liable to register, you are required to inform the Comptroller for Goods & Services Tax (GST) within 30 days from the date your
Can I charge GST if I am unable to submit the Form GST F1 on time?
You can only start charging Goods and Services Tax (GST) after you have submitted your Form GST F1 (Application for Goods and Services Tax
If I fail to register and did not collect any Goods & Services Tax (GST) from my customers, will my GST registration still be backdated?
Yes. You will be required to account for and pay the Goods & Services Tax (GST) on all your taxable supplies made from the date that you should be
I am engaged by a foreign consulting firm to render my services in Singapore. Will my consultation fees be taxed in Singapore if the fees are paid to me outside Singapore?
Yes. You are liable to pay Singapore tax for the professional services rendered in Singapore. It does not matter where you are paid.
I am invited by a government body/Ministry in Singapore to conduct seminars/workshops in Singapore. Is my income taxable?
You will be taxed on the income derived from Singapore unless it is exempted from tax.
Is personal overseas income taxable?
Under the normal scenario, personal overseas income received in Singapore is not taxable. This includes overseas income paid into a Singapore bank
How are fringe benefits taxed?
Employer-provided fringe benefits are taxed in the employee's hands. As a number of benefits are taxed on a concessionary basis in Singapore, it is
I am a visiting professional. Will I be exempt from tax if I render my services for not more than 60 days in the calendar year in Singapore?
The tax exemption for short-term employment of 60 days or less does not apply to visiting non-resident professionals who exercise their profession in
How do I check my Central Provident Fund (CPF) Statement of Account?
You can check your Central Provident Fund (CPF) Statement any time by logging in to the CPF website with your SingPass. With My Statement, you can get
How to declare the personal income earned overseas?
Overseas taxable income is reported as “Employment Income” or “Other Income” when you file your personal annual tax returns. If it is not taxable, you