iris英文名Business friendly corporate tax rateiris英文名
iris英文名 iris英文名Singapore has a corporate tax rate of 17% which is one of the lowest in the world.
In addition, new companies which are setting may also be eligible for tax incentives for the first three consecutive years, a 75% exemption on the first $100,000 of their normal chargeable income and also a further 50% tax exemption on taxable income of up to S$100,000
More information on corporate tax and incentive criteria could be found in our article here
iris英文名 iris英文名Amidst global economic headwinds, Singapore remains one of the world’s strongest economies. Anchored in political stability, low corruption rates and transparent public institutions, Singapore is a trusted partner for businesses.
Sound monetary and fiscal policies, together with a robust judicial system, underpin our low-risk economy.
iris英文名Singapore government funding for businessesiris英文名
The Singapore government offers a series of grants for qualifying businesses to help develop key sectors which need help.
Some examples of this grants are:
- Productivity Solutions Grant (PSG)
- Enterprise Development Grant (EDG) and Double Tax Deduction for Internationalisation (DTDi)
The DTDi is especially relevant for tech firms who wish to expand to neighbouring countries and require support for market research, feasibility studies and trade fairs.
More information on government grants can be found on our page here.
Recently, with the COVID-19 virus impacting the international economy, the Singapore government has released a series of financial aid as part of the 2020 budget to help businesses and employees cope.
More information on the support available from the Singapore government can be found on our article about the Singapore budget 2020.