Singapore Expats Forum

singapore branch office

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Michelle Lai
Member
Member
Posts: 37
Joined: Sat, 23 Jun 2012

singapore branch office

Postby Michelle Lai » Wed, 08 Oct 2014 11:48 am

Hi,

Is Singapore branch office eligible for PIC claim ?

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10405
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Thu, 09 Oct 2014 1:50 am

Since a branch office (and not a representative office) is a legal entity that must be filed as a private limited with ACRA and must file tax returns with IRAS, I cannot see why it would not be eligible for PIC tax credits. The only difference between a branch and a wholly owned subsidiary is that the branch does not have local stock issued.

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10405
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Thu, 09 Oct 2014 11:37 pm

I have to correct myself... this is from a Guide Me Singapore web page:

Taxation of Singapore Branch
A Singapore branch is generally considered a non-resident company for tax purposes. Non-resident companies are not eligible for tax benefits resulting from available tax incentives and tax treaties meant for resident companies. For more information on corporate taxes, see Singapore corporate tax guide.


Thus, you are not PIC eligible if a branch.

http://www.guidemesingapore.com/incorpo ... tion-guide

Michelle Lai
Member
Member
Posts: 37
Joined: Sat, 23 Jun 2012

Postby Michelle Lai » Thu, 16 Oct 2014 9:28 pm

Thanks SE


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest