Singapore business

Navigating COVID-19 Part 1: New Tax Measures for Every Business in Singapore

Businesses in Singapore will soon ease their cash flow following a series of tax-related support measures as announced in the Resilience Budget on 26 March 2020 and Solidarity Budget on 6 April 2020. From extended filing deadlines to tax rebates, here are the new tax measures with the greatest impact on your business. Extended Filing […]

Company Taxation

Guide to Double Tax Treaties for Businesses in Singapore

Does your Singapore company earn foreign income? If it does, the foreign income may be subject to taxation twice – once in the foreign jurisdiction, and a second time when the foreign income is remitted into Singapore. This is known as double taxation, which is when two or more countries impose taxes on the same […]

save on corporate income tax

5 Legitimate Ways to Save on Corporate Income Tax in Singapore

Singapore is a well-known tax haven with low corporate tax rates. With the effect of YA 2010, the chargeable income of a company, be it local or foreign firms, are taxed as little as 17%. Nevertheless, having low tax rates and experienced accounting services provider are not the only reasons why Singapore is a global […]

Tax Incentives

[Tax Incentives for Businesses] Budget 2019 in 3 Minutes

All of Budget 2019’s tax changes for businesses explained in this nifty guide. Through attractive start-up grants and tax exemptions and incentives, Singapore has edged forward as a choice investment destination for investors and entrepreneurs. On 18 February 2019, the Government unveiled plans to further enhance the progressivity and resilience of Singapore’s tax system. While […]