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What is the Business tax rate in SIngapore?
What is the Business tax rate in SIngapore?
Is it 20% or 25%?
- Strong Eagle
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- Strong Eagle
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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.nhonho_88 wrote:Pretty high here
Last edited by Strong Eagle on Tue, 23 Sep 2008 7:27 am, edited 1 time in total.
- sundaymorningstaple
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Most of his/her posts have been like that. Except for the ones in which he resorted to directly advertising which were deleted.Strong Eagle wrote:You don't know much. Much higher in the US and Europe. Singapore is business friendly.nhonho_88 wrote:Pretty high here
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
Re: What is the Business tax rate in SIngapore?
Maintain ur biz at 100k profit for ZERO TAX charges.Rex218 wrote:Is it 20% or 25%?
* 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
- sierra2469alpha
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- Strong Eagle
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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.kudo wrote:I love the no tax for the first 3 years. Will definitely be helpful for startups.
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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