Singapore has a territorial-based tax system, which means that taxes are charged only on income earned within the nation. Companies are taxed on their chargeable income, which includes gains from operations and investments. Singapore’s corporation tax rate is now set at a flat rate of 17%, making it one of the lowest in the world. This low tax rate, along with the advantage of having access to reliable corporate accounting services, is one of the key reasons Singapore is a popular location for both international enterprises and startups. Read More
