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Revision to Tax Exemption Schemes for Singapore companies from YA2020

On August 17, 2018, Posted by , In Corporate Secretarial,Corporate Services,Singapore,Singapore Companies,Singapore Corporates,Singapore Law,Singapore Tax,startups, By ,,, , With Comments Off on Revision to Tax Exemption Schemes for Singapore companies from YA2020

Overall company tax rate is a flat 17%. Listed below are general tax exemptions/incentives currently available to Singapore resident companies. Once these tax exemptions are applied to the taxable income, the effective income tax rate for small-to-midsize Singapore companies is reduced significantly. The Tax Exemption Schemes have been in place…

What are Free Trade Agreements (FTAs)?

On May 31, 2016, Posted by , In Singapore,Singapore Tax,Tax, By ,,,,,, , With Comments Off on What are Free Trade Agreements (FTAs)?

What are Free Trade Agreements (FTAs)? FTAs are treaties between two or more economies to bring closer economic integration by reducing or removing trade barriers, encouraging and promoting businesses to trade regionally and internationally. FTAs can potentially reduce one of the cost components – import duties, which could make your exports…

Fintech set up in Singapore?

Fintech startups looking to establish a presence in Asia will be thrilled to know that Singapore intends to grow the Fintech space and promote Singapore as a Fintech Hub. What are the key developments that has taken place so far? The Monetary Authority of Singapore (MAS) has formed a FinTech…

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