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About Singapore Tax

All businesses need to pay income tax as long as their income was derived or remitted into Singapore. There are other taxes you may need to pay (e.g. withholding, goods and services, property, stamp duty) depending on your business. The most common form of taxes that a foreign investor needs to consider:

Corporate Tax

Business income is taxed at flat corporate tax rates of 17%.

Goods and Services Tax (GST)

GST is a tax on goods and services purchased or consumed locally. Here is a quick overview of GST and how it affects your business. It is not meant to be an in-depth guide on GST.

Personal Tax

Sole-proprietors are considered "self-employed". The business income is treated as part of your total personal income and taxed at personal income tax rates.

Withholding Tax

Withholding tax is a tax on payments made to non-residents including employees, business partners and overseas agents. Here is a quick overview of withholding tax and how it affects your business.



If you need help on tax matters:

  • Contact our Biztrust tax consultant
  • Visit this IRAS website on corporate tax www.iras.gov.sg
  • You can also contact IRAS at :

    Local Toll-Free: 1800 356 8622
    International: (65) 6356 8622
    Email via IRAS website


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