Singapore’s tax system has many important details which must be understood by all taxpayers in the country. Personal income tax, corporate income tax, and taxation laws are some important portions of the country’s tax system.
Taxation is an issue which is of great concern to both Big and Small Businesses & Individuals. Here is a comprehensive resource area on critical information which you should know about taxation in Singapore.
- Company Taxation
- Singapore Personal Income Tax
- Singapore Double Tax Treaty
- Singapore Tax Incentives (TO BE UPDATED)
Taxation is an issue which is of great concern to both Big and Small Businesses & Individuals. Here is a comprehensive resource area on critical information which you should know about taxation in Singapore.
Company Taxation
- Corporate Tax in Singapore
- Singapore Tax Rates
- Singapore Company Taxable Income
- Singapore Tax Guide to Foreign-Sourced Income
Singapore Personal Income Tax
- Personal Income Tax for Residents
- Personal Income Tax for Non-Residents
- GST
- Other Singapore Tax
Singapore Double Tax Treaty
- Double Tax Treaty
- Purpose of Double Tax Agreements
- How Singapore DTAs benefit International Tax Planning?
- Use of Singapore in International Tax Planning
- Types of Tax Reliefs by Singapore’s DTAS
Singapore Tax Incentives
Singapore Tax Incentives (TO BE UPDATED)
Paul Hype Page & Co. is an ACRA-certified business adviser. Our team of seasoned professional can help you set up a company in Singapore very quickly and easily following all legal entities, and offer you sound advice on how to make it successful too.
Singapore Tax Guide FAQs
Companies can apply for a COR either:
- Electronically via myTax Portal. The company staff or tax agent has to be authorised via the e-Services Authorisation System (EASY) before a COR can be applied through myTax Portal; or
- By submitting an application form.
- Download the application form for certificate of residence (44KB); or
- Request a fax copy of the application form by using the self-help options at the Corporate Tax Integrated Phone Service at 1800-356 8622.
Your company’s accounts are prepared up to the financial month for each year. Assuming your financial year end is 30th June, your accounts are prepared up to 30th June each year. The basis period for each YA is the preceding accounting year ended 30th June. Example, your company’s basis period for YA 2008 is from 1st Jul 2006 to 30th Jun 2007.
Your company’s accounts are to be prepared up to 31 December each year. The basis period for each YA is the preceding calendar year ended 31 December. Example, your company’s basis period for YA 2008 is from 1 Jan 2007 to 31 Dec 2007.
Income is assessed on a preceding year basis. This means that the basis period for any Year of Assessment (YA) generally refers to the financial year ending in the year preceding the YA.
