What is the Business tax rate in SIngapore?

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Rex218
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What is the Business tax rate in SIngapore?

Post by Rex218 » Mon, 22 Sep 2008 7:41 pm

Is it 20% or 25%?

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Strong Eagle
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Post by Strong Eagle » Mon, 22 Sep 2008 7:43 pm

Neither, it is either 17 or 18 percent for 2008.

nhonho_88
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Post by nhonho_88 » Mon, 22 Sep 2008 9:42 pm

Pretty high here :???:

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Strong Eagle
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Post by Strong Eagle » Mon, 22 Sep 2008 11:48 pm

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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sundaymorningstaple
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Post by sundaymorningstaple » Tue, 23 Sep 2008 12:00 am

Strong Eagle wrote:
nhonho_88 wrote:Pretty high here :???:
You don't know much. Much higher in the US and Europe. Singapore is business friendly.
Most of his/her posts have been like that. Except for the ones in which he resorted to directly advertising which were deleted.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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saint73
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Re: What is the Business tax rate in SIngapore?

Post by saint73 » Tue, 23 Sep 2008 8:08 pm

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

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sierra2469alpha
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Post by sierra2469alpha » Tue, 23 Sep 2008 9:17 pm

Bless why we left Australia!

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Post by Myrontay » Tue, 14 Oct 2008 5:47 pm

And you still get tax deductions from renovation expenditure. <a>Tax PDF document</a>.
<a>My Weblog</a>

kudo
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Post by kudo » Tue, 14 Oct 2008 8:43 pm

I love the no tax for the first 3 years. Will definitely be helpful for startups.

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Post by Strong Eagle » Wed, 15 Oct 2008 1:40 pm

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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