Your Guide to Singapore Corporate TaxPosted by John Rikvin on January 24th, 2020 Singapore Corporate Tax Rates for New Startups
New start-up companies are eligible for the Start-up Tax Exemption (SUTE) scheme: To qualify for Start-up Tax Exemption (SUTE):
Single-Tier Income Tax SystemSingapore practices a single-tier corporate income tax system. Tax paid by a company on its income is the final tax and all dividends are exempt in the hands of shareholders from further taxation. The one-tier corporate taxation system greatly simplifies the tax code and reduces cost of compliance and administration for companies. It removes restrictions on the distribution of dividends from capital gains and this could result in higher dividend payouts for all shareholders. In addition, the one-tier corporate taxation system has the desirable consequence of allowing the unlimited flow-through of exempt dividends to all tiers of shareholders, regardless of shareholding level. Read the full version of this article and the tax rates at Rikvin.com. Like it? Share it!More by this author |