Singapore Taxation & Accounting Guides
This section provides comprehensive information about Singapore’s tax policies for individuals and firms. The information is presented in the form of short articles that are categorised below.
Introduction to Singapore Taxation
Singapore Corporate Tax
Singapore’s corporate tax rate on chargeable income at 17 percent - is one of the lowest in the world, attracting business owners from various countries to set up or expand their businesses in Singapore.
Understanding Singapore's corporate tax system & how Singapore's corporate tax system can help your business. Find out how with GuideMeSingapore online.
Providing you with general guidelines on how to arrive at the taxable income for Singapore companies plus how to calculate your estimated taxes & more.
Guide to Singapore tax policy on foreign-sourced income for Singapore companies. We provide clarifications on taxation of foreign source income online here.
Information on industry specific & investment related tax incentives for Singapore companies. Find out more & learn more about taxes in Singapore here.
Up-to-date guide on Singapore Goods and Services Tax (GST Tax), also known as Value Added Tax (VAT) in many other countries. Find out more online here.
Singapore Personal Tax
This article provide an overview of personal income taxation in Singapore. If you are interested to learn about corporate taxation, refer to Singapore corporate tax guide. To calculate estimated Singapore taxes and to compare how they stack up against those in your home country, refer to our online tax calculator.
This article provides clarification on an individual's tax liability in Singapore if (s)he is employed by a non-resident Singapore company. Find out more.
Providing an overview of the Angel Investors Tax Deduction Scheme including the eligibility criteria to qualify for the scheme & the application procedure.
Global Double Tax Treaties with Singapore
This article is a guide to Singapore’s double tax treaties. Tax treaties enable you to access relief from double taxation, either by way of tax credits, tax exemptions or reduced withholding tax rates. These reliefs vary from country to country and are dependent on the specific items of income. Treaty provisions are generally reciprocal (applicable to both treaty countries) and non-discriminatory i.e. you would not be in a worse-off tax position than if you were a tax resident of tax country. If there is no treaty between your country and Singapore, you may still be able to take advantage of Singapore’s unilateral tax credits.
An overview of the comprehensive bilateral tax treaty between Singapore & Australia in order to prevent the double taxation of income. Find out more here.
Discover & find out everything you need to know about Singapore & France Double Tax Treaty plus information on their Economic Relationship online here.
An overview of the comprehensive bilateral tax treaty between Singapore & India in order to prevent the double taxation of income. Find out more here.
Discover & find out everything you need to know about Singapore & Indonesia Double Tax Treaty plus information on their Economic Relationship online here.
Discover & find out everything you need to know about Singapore & Japan Double Tax Treaty plus information on their Economic Relationship online here.
Advanced Tax & Wealth Planning in Singapore
Singapore is rapidly gaining eminence as a trust jurisdiction internationally. With Asia driving the global economy, Singapore’s wealth management industry is witnessing a phenomenal boom; and along with that, the trust business market is also on the rise. Singapore’s indigenous millionaires as well as foreign High Net Worth Individuals (HNWI) are finding Singapore trusts as their preferred vehicle for managing their wealth, thanks to the compelling advantages of Singapore as a trust jurisdiction.
Read our comprehensive and up-to-date guide to Singapore trust law and the setting up of a private family trust in Singapore.
Accounting Standards in Singapore
This article is the first article in a series of articles prepared by Hawksford Singapore to provide general guidance on accounting standards in Singapore. Please note that this is neither a comprehensive compilation of standards nor a professional advice but only a broad overview of the subject matter.
We provide an overview of payroll processing in Singapore including salary calculations, statutory contributions, reporting & other related regulations.
An overview of the Singapore accounting standards governing the recognition of fixed assets, determination of their carrying amounts & much more.
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