What types of income are tax-exempt in Singapore?
An example of an AI chatbot conversation about tax-exempt income in Singapore.
What types of income are tax-exempt in Singapore?
In Singapore, tax-exempt income includes certain types of dividends, capital gains, and specific government grants.
Are there any specific conditions for these exemptions?
Yes, for example, foreign-sourced income is generally exempt if it is not received in Singapore. Certain grants may also have conditions.
How do I report tax-exempt income on my tax return?
You typically do not need to report tax-exempt income on your tax return, but it's good to keep records in case of inquiries.
Can you give examples of foreign-sourced income that is exempt?
Sure! Examples include dividends from foreign companies and interest from foreign bank accounts, provided they meet certain criteria.
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