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…