What are the tax rates in Singapore?
An example of an AI chatbot conversation about taxes in Singapore.
What are the tax rates in Singapore?
In Singapore, the personal income tax rates range from 0% to 22%, depending on your income level.
Are there any tax deductions available?
Yes, Singapore offers various tax deductions, including those for earned income, donations, and certain expenses.
How does the Goods and Services Tax (GST) work?
The GST in Singapore is currently set at 8%, applied to most goods and services, with some exemptions.
What is the corporate tax rate?
The corporate tax rate in Singapore is a flat rate of 17%, with various incentives available for startups.
Can foreigners be taxed in Singapore?
Yes, foreigners are subject to tax in Singapore on income earned within the country.
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