With effect from YA 2010, companies setup in Singapore are subjected to a tax rate of 17% on its chargeable income. Income is taxable when it is accrued in or derived from Singapore or received in Singapore from outside Singapore.
- Gains or profits from any trade or business
- Income from an investment such as interest and rental property income
- Royalties, premiums and any other profits from property
- Other gains that are considered revenue
Tax Return Filing
To complete corporate tax returns, a company must file their ECI and Form C or Form C-S to IRAS