Guide - 23 August 2021

Singapore Tax Guide

Our guide provides an overview of taxes in Singapore including corporate tax, personal tax and goods and services tax (GST).

In an evolving global landscape, Singapore has retained its edge as a tax friendly nation by introducing timely and progressive tax policies. The nation’s market-friendly tax regime is designed to attract businesses and foreign professionals alike, thereby making it one of the top-ranked economies for investment and employment.

Singapore’s tax system is characterized by low corporate and personal income tax rates, tax incentives and tax relief measures, absence of capital gains tax, a territorial one-tier tax system and an extensive tax treaty network.

Singapore has fared very well on several business-related rankings by various professional institutions. It is highly ranked for its ease of doing business, regulatory and tax environment, stable political and economic climate, productive workforce, excellent business support infrastructure, liberal immigration policy, and efficient legal system. By aligning its tax policy with growth oriented economic goals, Singapore has emerged as one of the preferred locations for most global entrepreneurs and business enterprises.

Our complimentary guide about taxes in Singapore covers the following topics:

  • Singapore’s Corporate income tax incentives and deductions
  • Corporate income tax, audit administration and compliance requirements
  • Corporate withholding taxes
  • Personal tax highlights in Singapore for residents and non-residents
  • Personal income tax administration and compliance
  • Goods and services tax liabilities
  • Tax treaties you can leverage

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