Singapore Corporate Tax

admin — Wed, 05 Dec 2007 15:37:55 +0000

Singapore is one of the tax systems more competitive companies in the world. The corporate structure is a pro-recovery plan powerful business inclusive as exemption from income tax, incentives, providing generous capital and a network for a wide range of agreements to avoid double taxation. Here is an overview of the main features of our tax system. Singapore-based companies are taxed on their income tax in Singapore or income from overseas in Singapore will be generated. Companies are taxed at a flat rate of 17% of owners, but significantly reduced to as low as 8.5% for small and medium enterprises with less than 300,000 dollars in taxable income due to the partial exemption system . The partial exemption from assessment regime – in 2010, the overall rate of corporate tax – 17% Cargo revenue first S $ 10,000 – Effective tax rate is 4.25% in the next S $ 10,001 – $ 300,000 S – Effective tax rate is 8.5% more than S $ 300.001 – Rate effective tax is 17%

New Startup Business Plan
The plan is to help new businesses in the early years of its formation. Under this scheme, qualifying companies within three years from the presentation, you can enjoy an effective rate of 8.5% on income up to $ 300,000 P.

Taxable Income
First S $ 100,000 – $ Effective tax rate for 2010 is 0% more than S $ 100,001 – S $ 300,000 – Effective tax rate for 2010 is 8.5% more than S $ 300.001 – Rate of Effective income tax for 2010 is 17% For income exceeding S $ 300,000 general rate of corporation tax of 17% owners. From the fourth year after the filing of a resident company is taxed as a general tax rate, and is entitled to partial tax exemption.

The dual system of corporate taxation
Since 2003, performed the single system of corporate tax in Singapore. The income from a business after taxes, if it is distributed as a dividend tax in the hands of shareholders. Gains on sale of fixed assets are not taxable.

Rikvin provides a complete service including corporate
* The registration of taxpayers and request new access code just

* Taxes and support programs for the submission of the form

* Submission of estimated taxable income (ECI)

* Application for a certificate of residence

* Waiver Request Tax on (Corporate)

* Request the return (for companies in the strike-off)

Ready to continue? Send your questions or call us at (65) 63034600 to discuss your needs in detail. It will be answered within 24 hours. Rikvin International is an independent body for professional accountants and businesses worldwide with the help of accounting and taxation in Singapore. Our team of accounting professionals consists of qualified and competent auditors, and audit assistant. Rikvin International has over ten years of experience helping thousands of customers in maintaining their accounts and compliance with the Inland Revenue Authority of Singapore.

In: International Rikvin, we understand the timing and accuracy are of paramount importance to our customers. Our team of professional accountants is designed to help each client with care and efficiency, and we are proud to have the opportunity to contribute to its success in Singapore.

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Singapore Corporate Tax