Tax & Estate Planning

Ultimate Guide To Singapore Taxing System

Aside from its undeniable cleanliness and thriving economy, foreign investors see Singapore as a country with an attractive corporate and personal tax rates. The Singapore taxing system is widely known for its tax relief measures, absence of capital gains tax, one-tier tax system, and extensive double tax treaties. What keeps this system going? To answer that question, we must dive in to different types of taxes. INDIVIDUAL INCOME TAX As the name suggests, the individual income tax is imposed on