General Information about Singapore Tax System

Corporate Income Tax - A company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company. In order to attract foreign investment, Singapore government has introduced numerous tax benefits such as tax exemption scheme for new start-up companies, partial tax exemption scheme and corporate income tax rebate.

Individual Income Tax - All income earned in or derived from Singapore is chargeable to income tax. A Singapore tax resident is taxed at progressive rate with the current highest tax rate at 22%. Non-tax resident is taxed at flat rate of 15% - 22% (depends on the type of income) or the progressive resident tax rates, whichever is higher.

Goods and Services Tax (GST) – Majority of the supplies of goods and services in Singapore are subject to 7% GST. In other countries, GST is known as the Value-Added Tax or VAT.


Kaizen Tax Services

We has an experienced team of tax professionals who can assist you with a full range of tax matters, including:

• Preparation and filing of Estimated Chargeable Income (ECI)
• Preparation and filing of corporate income tax
• Preparation and filing of individual income tax
• Registration/De-registration of GST
• Preparation and filing of GST
• Preparation and filing of employee earnings (Form IR8A)
• Preparation and filing of tax clearance for foreign employees
• Preparation and application for Certificate of Residency (COR)
• Advisory on double tax treaties
• Advisory on withholding tax
• Advisory on transfer pricing
• Corporate and individual tax planning
• Handling tax queries from tax authority

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com,  enquiries@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa