SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
10 posts • Page 1 of 1
Neither, it is either 17 or 18 percent for 2008.
nhonho_88 wrote:Pretty high here
You don't know much. Much higher in the US and Europe. Also much higher in Malaysia and Thailand, where you also have to pay a tax on any money taken out of the country. Singapore is business friendly.
Last edited by Strong Eagle on Tue, 23 Sep 2008 7:27 am, edited 1 time in total.
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Rex218 wrote:Is it 20% or 25%?
Maintain ur biz at 100k profit for ZERO TAX charges.
* Zero tax for new Singapore companies on the first 100K annual profits for the first 3 years
* All companies to enjoy low 9% corporate tax rate for profits up to 300K
* Overall company tax rate lowered to 18%
http://www.asiabizsetup.com/singapore-c ... -2007.aspx
kudo wrote:I love the no tax for the first 3 years. Will definitely be helpful for startups.
It is not 'no tax for the first 3 years'. It is no tax on the first $100,000 in profits for the first 3 years. After that there are still additional breaks that drop the 17% actual much lower.
And, as long as you are in line with reasonable fees and salaries you can pay yourself directors fees and/or a solid salary to reduce corporate profits.
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