Singapore Has Some Attractive Tax Rules
Company incorporation in Singapore is very easy and you know Taxes can become a turnoff for some entrepreneurs.
After all, it is quite hard to make a profit if taxes are on the rise. But with Singapore, I have good news. Singapore has a unique personal and corporate tax system. You can expect to pay as low as 0% tax depending on your income. An income of S$320,000 only entails a 20% tax. That is very attractive, right? In the same way, corporate taxes can go as low as 9% to 17%. Another attractive feature is the Goods and Services Tax which is only 7% and the lowest in the world. This along with the absence of dividend, capital gains, estate, death and inheritance tax makes Singapore one of the perfect places to conduct business.
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