Singapore Tax Compliance
Singapore Tax Services-min

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TAX EXPERTS

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Tax Compliance Services in Singapore for Foreign Companies and Individuals

Singapore has been consistently ranked as one of the top two countries to do business in by the World Bank for more than a decade. Having signed more than 20 Free Trade Agreements (FTAs) and more than 80 Avoidance of Double Taxation Agreements (DTAs), Singapore is an easy choice for foreign investors looking for business-friendly regulations, state financial grants, and attractive tax incentives.

Singapore adopts a single-tier tax system and has the lowest corporate income tax rate (17%) in the ASEAN region. With a top marginal resident tax rate of 22%, its personal tax structure is one of the most competitive in the world.

Our Tax Compliance Services in Singapore

We provide Tax Compliance and Tax Advisory Services to foreign companies doing business in Singapore, such as tax planning, tax filing, tax dispute resolution, and transfer pricing. Our in-country tax consultants are highly experienced in helping clients navigate Singapore’s complex tax regime.

We offer the following services to corporations and individuals required to file taxes in Singapore: 

Current Tax Rates in Singapore

Corporate Income Tax Rates

Singapore’s corporate income tax rate is capped at 17%.  However, when various tax schemes are taken into account, the effective rate can be lower for some companies.  

Current Tax Rates

Type of corporate taxTax rate %
Tax rate on corporate profits17%
Tax rate on capital gains by the company0%
Tax rate on dividends distributed to shareholders0%
Tax rate on foreign-sourced income that was already subjected to taxation overseas0%

Personal Income Tax Rates

Singapore’s personal tax rates start at 0% and are capped at 22% (above S$320,000) for residents and a flat rate of 15% to 22% for non-residents. 

Current Tax Rates

Chargeable IncomeIncome Tax Rate (%)Gross Tax Payable ($)
First $20,000
Next $10,000
0
2
0
200
First $30,000
Next $10,000
-
3.50
200
350
First $40,000
Next $40,000
-
7
550
2,800
First $80,000
Next $40,000
-
11.5
3,350
4,600
First $120,000
Next $40,000
-
15
7,950
6,000
First $160,000
Next $40,000
-
18
13,950
7,200
First $200,000
Next $40,000
-
19
21,150
7,600
First $240,000
Next $40,000
-
19.5
28,750
7,800
First $280,000
Next $40,000
-
20
36,550
8,000
First $320,000
Next $40,000
-
22
44,550

Transfer Pricing in Singapore

Singapore follows the Arm’s Length Principle for related-party transactions of local and foreign companies doing business in the country. Transfer Pricing documentation in Singapore must be prepared according to the mandatory Section 34F Transfer Pricing Documentation and OECD guidelines. It is compulsory for transfer pricing reports to be in the prescribed form. 

Secure Your Tax Compliance Requirements in Singapore With Us

We have assisted over a hundred companies and individuals in fulfilling their tax obligations in Singapore.

Contact Us