Corporate Taxation
A corporation is generally liable for Singapore income tax on all income accruing in, or derived from Singapore, as well as foreign sourced income remitted or deemed remitted into the country.
Remittances
A Singapore tax resident company can enjoy tax exemption on its foreign-sourced dividend income, foreign branch profits and foreign-sourced service income remitted or deemed remitted into Singapore if the following conditions are met
- In the year which the income is received in Singapore, the headline tax rate of the foreign jurisdiction from which the income is received is at least 15%; and
- The foreign income has been subject to tax in the foreign jurisdiction from which they were received.
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Tax
Insight and innovation to guide you through today’s evolving global tax landscape