Corporate Taxation Guide in Singapore
Singapore Corporate Tax Guide
With a competitive tax rate of 17% for corporates, Singapore has one of the lowest corporate tax rates. Singapore is well known as one of the leading examples of countries that have reduced corporate income taxes and brought in various tax reliefs and measures to curb the rising income tax rates which is why, Singapore today attracts global leaders from across the world to invest heavily on setting up business in Singapore. Singapore has a single tier corporate tax system and has one of the lowest effective tax rates in the world. These factors enhance the economic growth of a lot of foreign investments within the country.
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Doing Business in Singapore
Setting up a business in Singapore is easy as 1, 2, and 3!! It does not take more than 1 to 2 working days to complete all the procedures required to induce a corporation in Singapore!
Taxes and Benefits in Singapore
There are numerous reasons to choose Singapore to initiate business and setting up operations in Singapore. Through Servolve, setting up business in Singapore is highly time saving and purely efficient.
There are many reasons why one can choose Singapore to initiate their business and establish their operations in Singapore, the primary being the ease of setting up and operating a business.
If you need to know more about why you should choose Singapore to set up our business, below are few of the numerous reasons:
1. Very attractive corporate tax schemes
2. Highly feasible personal tax regimes; both tax residents and foreigners.
3. Various tax relief measures; both tax resident and foreigners
4. Absence of capital gains tax
5. One-tier taxation systems
6. Double taxation avoidance treaties
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