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Singapore

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Tax authorities

Inland Revenue Authority
55 Newton Road, Revenue House, Singapore 307987
Tel: +65 6356 8233
Fax: +65 6351 2131
Email: https://mytaxmail.iras.gov.sg/
Website: www.iras.gov.sg

Tax rates at a glance

(As of September 2012)

Corporate income 17% (a)
Capital gains 0%
Branch tax 17%
Withholding tax
Dividends 0%
Interest 15%
Royalties 10%
Technical Services fee 17% (b)
Branch remittance fee 0%
Net operating losses
Carryback 0
Carryforward Indefinitely (c)
  1. The 17% corporate income tax rate is subject to exemptions. 75% of the first SGD 10,000 of chargeable income and 50% of the next SGD 290,000 of chargeable income are exempt.
  2. The technical services fee rate applies to nonresidents (other than individuals) in respect of fees for the rendering of assistance or services in connection with the application or use of scientific, technical, industrial or commercial knowledge or information, or for the management or assistance in the management of any trade, business or profession.
  3. Losses may be carried back for 1 year, subject to a cap of SGD 100,000 and compliance with the shareholding test.

Source: Deloitte - http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Tax/Taxation%20and%20Investment%20Guides/2012/dttl_tax_highlight_2012_Singapore.pdf

Singapore

Gordon Lawson
KPMG
Singapore

Over the past five to 10 years, the business models applied by businesses operating globally have changed significantly. Gordon Lawson, a tax partner advising on supply chain management at KPMG in Singapore, explains how taxpayers can manage centralised structures to optimise their operations during an economic downturn

[Show full article]

Tax

In his speech on National Day on August 26 2012, Singapore's Prime Minister Lee Hsien Loong alluded to the possibility of tax hikes in the future. "Let me tell you the truth, as our social spending increases significantly, sooner or later taxes must ... [more]

Adrian Ball leads the reputable Ernst & Young tax team. One of the largest in Singapore, the team comprises 30 partners and directors and more than 400 tax professionals. The large team of experienced practitioners advises on all areas of tax and back ... [more]

KPMG's tax practice focuses on assisting with their clients' tax compliance obligations, enhancing commercial value through tax planning, and incorporating tax strategies into an overall efficient business strategy. Tay Hong Beng leads the team of 19 ... [more]

PwC

The tax team at PwC works with MNCs, offering a full range of tax services ranging from compliance and monitoring assessments to mitigating tax risks. In the past year, the team has worked on more international tax, transfer pricing, and APA matters. ... [more]

Allen & Gledhill's tax team is well known in the market for its skills in tax advisory and contentious work. Nand Singh Gandhi; Sunit Chhabra; Lim Pek Bur and Tang Siau Yan, the four partners, each advise on a spectrum of local tax. The practice ... [more]

Baker & McKenzie.Wong & Leow's tax practice has gained a solid reputation in the market for its ability to handle tax advisory work and advocacy in the courts. The team is led by Edmund Leow, who is an experienced international tax and trade partner; ... [more]

The Deloitte tax practice is led by Ajit Prabhu. The R&D tax service is now established as an independent service offering. David Mumford was recruited to assist Hwee Chua Low, the R&D leader, to build their capabilities in this area.To advise clients ... [more]

Drew & Napier is one of the leading law firms in Singapore with a highly accomplished tax practice led by Ong Sim Ho. He is supported by experienced practice leaders Ong Ken Loon and Seah Ching Ling. The team focuses on four main areas: tax disputes, ... [more]

RSM Chio Lim is one of the largest accounting firms in Singapore. Cindy Lim heads the international tax practice. She is supported by a team of tax professionals and director, Richard Ong, who specialises in tax compliance and due diligence work with ... [more]

One of the stronger law firms in Singapore, Wong Partnership's tax practice is rapidly building recognition for its advisory and litigation work. Tan Kay Kheng leads the firm's tax practice and is also a partner in the litigation and dispute resolution ... [more]

Velten Partners is an independent and specialist firm that only deals with Asia transfer pricing issues. Penelope Velten, who has 12 years of transfer pricing experience from various countries and big-four accounting firms, is the sole partner of the ... [more]

See also

Singapore
Asia-Pacific

Firm contact details