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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…

Singapore Companies Amendment Act 2017

General The Companies (Amendment) Act 2017 (“CAA 2017”) was passed on 10 March 2017 and came into operation on 31 March 2017. It aims to (a) Reduce Compliance Costs and Administrative Burden; (b) Make the ownership and control of business entities more transparent; and (c) Boost Singapore’s Competitiveness as a…

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