Famous for presenting newly incorporated concerns with leeway so they can break even; Singapore is an excellent country for budding companies to thrive in. When it comes to corporate income tax you will be astonished to find that the rates simply keep lowering with the government introducing new schemes and deductions to benefit corporate entities.
This is apparent with a peek at the mandatory percentages going down each year from 26 percent in 1997 to a much lowered percentage in current years.With the services of a skilled business consultant in Singapore you can cash in on a lot of exemptions for your business.
• Options Available to Resident Concerns
Businesses that are small-scale concerns can ensure that they pay no tax at all in the years that they happen to earn as much as or less than S$ 100,000 in three consecutive years after their incorporation.
Companies can go in for experienced taxation services in Singapore to learn about their eligibility for several other exemptions.
• The Territorial Flat-Rate System
The single-tier system introduced a little over a decade ago has introduced fixed percentages of income tax that is territory based.Even after setting out to pay the minimum necessary headline cut on their revenue, companies can opt for further exemptions.
A closer look at allowed incentives and seeking loopholes in depreciation laws will let them secure their concern’s interests with a much lesser tax burden.You can cash in on such benefits by securing the services of skilled tax consultants for your organization.
This is apparent with a peek at the mandatory percentages going down each year from 26 percent in 1997 to a much lowered percentage in current years.With the services of a skilled business consultant in Singapore you can cash in on a lot of exemptions for your business.
• Options Available to Resident Concerns
Businesses that are small-scale concerns can ensure that they pay no tax at all in the years that they happen to earn as much as or less than S$ 100,000 in three consecutive years after their incorporation.
Companies can go in for experienced taxation services in Singapore to learn about their eligibility for several other exemptions.
• The Territorial Flat-Rate System
The single-tier system introduced a little over a decade ago has introduced fixed percentages of income tax that is territory based.Even after setting out to pay the minimum necessary headline cut on their revenue, companies can opt for further exemptions.
A closer look at allowed incentives and seeking loopholes in depreciation laws will let them secure their concern’s interests with a much lesser tax burden.You can cash in on such benefits by securing the services of skilled tax consultants for your organization.
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