Corporate Tax

With effect from Year of Assessment 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company.

Use the expertise of a corporate taxation services provider to ensure you file your taxes correctly and on time.

Expenses that are incurred wholly and exclusively for the production of income.

Transfer pricing is the pricing of goods, services and intangibles between related parties. The arm’s length principle should be adopted for transfer pricing between related parties. Taxpayers should prepare and keep contemporaneous transfer pricing documentation to show that their related party transactions are conducted at arm’s length.

Audit of the related party transactions to see if the transactions are at arm’s length and whether proper transfer pricing documentation has been done.

1. Traditional transaction method: CUP method, resale price method, cost plus method
2. Transactional profits method: Residual analysis approach, contribution analysis approach, TNMM
3. Other more appropriate methods or a combination of various methods

Funds transfer pricing (FTP) is a method used to individually measure how much each source of funding is contributing to overall profitability.

Consult a transfer pricing services provider to help you file taxes with a complete understanding of how it works.

No, Singapore does not have capital gain tax.

IRAS has a foreign tax credit (FTC) scheme, which allows the company to claim a credit for the tax paid in the foreign country against the Singapore tax that is payable on the same income.

Paper filing deadline for corporate tax is November 30, whereas e-filing can be done until December 15. Learn more