What are the corporate tax rates in Singapore?
In Singapore, the corporate tax rate is a flat 17%. However, there are various exemptions and incentives available.
Are there any tax incentives for startups?
Yes, startups in Singapore can benefit from the Startup Tax Exemption scheme, which offers significant tax reductions for the first three years.
What is the tax filing deadline for companies?
The tax filing deadline for companies in Singapore is usually 30 November of the year following the end of the financial year.
How can I apply for tax incentives?
To apply for tax incentives, you need to submit the relevant forms to the Inland Revenue Authority of Singapore (IRAS) along with your tax return.
Can foreign companies benefit from Singapore's tax system?
Yes, foreign companies can benefit from Singapore's tax system, especially if they are conducting business in Singapore or have a local presence.
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