Income Tax rates are on the individual tax residency dependence. A Singapore citizen or Permanent resident who resides in Singapore and earn income in Singapore, except for temporary absences
The headline tax in Singapore is at 17%. Singapore has Partial tax exemption scheme for companies as shown below (applicable from YA2020): Chargeable income for the first $10,000 exempted from tax is at 75% = $7,500
When you are entering Singapore, you must have a valid passport for at least six months. You must also ensure you have enough funds for the length of your intended stay
The Singapore incorporated companies are required to file annual returns with ACRA. The Annual Return is an electronic form lodge with ACRA. It contains the name of the directors, secretary and its member, and the date to which the financial statements of the company are made up
Since the deregulation of mandatory assurance of SMEs audits, there are fewer audits to be performed by law in response to calls to reduce the regulatory burden for small businesses
