Description
Is your company looking to expand in Asia? While Hong Kong is definitely a choice, there are also other countries in Asia that offer competitive tax policy that could help your company to drive towards its desirable economic goals. Singapore is one of those other choices. The fundamental principle of Singapore’s tax policy is to keep tax rates competitive so as to retain our position as an attractive and substantive investment hub. Despite already having one of the lowest corporate income tax rates in the world, currently at 17%, Singapore still offers a wide range of incentives to attract foreign investments. Generally, the tax incentives available are in the forms of either a tax exemption, reduced tax rate or tax allowance, subject to stringent qualifying conditions. In effect, these incentives help companies from a broad spectrum of industries lower their effective tax rates. This seminar offers the participants an understanding of the tax incentive environment in Singapore, including summary data about the available incentive schemes and the broad requirements to qualify, the practical application process and global tax developments and its implications on Singapore’s incentive policy.
