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
Frequently Asked Questions : Taxation & Accounting
Does Singapore have any value added tax or Goods & Services Tax (GST)?
The Goods & Services Tax (GST) rate in Singapore is 9% (w.e.f. 1st January 2024).
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 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
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
Can I make voluntary Central Provident Fund (CPF) contributions?
Yes, you can make voluntary contributions to the Central Provident Fund (CPF) to build up your retirement savings. These contributions can also be
Can I use my Central Provident Fund (CPF) for the Education Scheme?
Yes, the Education Scheme is a loan scheme that allows you to use your Central Provident Fund (CPF) savings for full-time tertiary education in
Can I use my Central Provident Fund (CPF) for owning a property?
Your Ordinary Account savings can be used to buy a home under the Central Provident Fund (CPF) housing schemes. You can buy an HDB flat under the
Can I use my Central Provident Fund (CPF) for healthcare?
Your monthly contributions to your Medisave Account help you build up savings for your healthcare needs. Medisave can be used to pay for your own or
Are directors responsible for CPF contribution for the staff?
Yes, the directors are held responsible for the company's CPF contribution.
Do foreign employees need to contribute to the CPF fund?
Foreigners on Singapore work passes such as Employment Pass, S Pass, etc. are exempted from CPF contributions in Singapore.
Do foreign companies that set up in Singapore enjoy tax incentives?
To encourage foreign capital inflow into Singapore, there are tax incentives provided to various industries namely in the form of reduced corporate
