What are the key features of taxation in Singapore?
An example of an AI chatbot conversation about taxation in Singapore.
What are the key features of taxation in Singapore?
Singapore has a low tax regime, with a maximum personal income tax rate of 22% and no capital gains tax.
How does the Goods and Services Tax (GST) work in Singapore?
The GST in Singapore is a value-added tax levied on most goods and services at a rate of 8%.
Are there any tax incentives for businesses in Singapore?
Yes, Singapore offers various tax incentives, including the Start-up Tax Exemption and the Partial Tax Exemption for companies.
What is the tax residency status in Singapore?
An individual is considered a tax resident if they reside in Singapore for at least 183 days in a year.
How can I file my taxes in Singapore?
You can file your taxes online through the Inland Revenue Authority of Singapore (IRAS) website or via paper forms.
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