Singapore's Corporate Income Tax – Quick Facts
Singapore is globally renowned for its competitive tax structure. The country imposes a flat rate of 17 percent corporate income tax (CIT) – lowest among the ASEAN member states.
The single-tier corporate tax system reduces compliance costs for businesses.
Added to that, certain withholding tax exemptions, tax rebates and incentives as well as several tax schemes for startups and newly established corporations make Singapore a competitive investment market for foreign businesses.
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