Singapore has always been one of the countries with low tax rates in the world.

Due to limitations in geographical area and resources, Singapore uses low tax rates and various preferential tax policies to attract talents and companies from all over the world to settle in Singapore.

So what are the preferential tax policies for registering a company in Singapore in 2019? Characteristics of Singapore corporate taxation

① Low tax rate for Singapore companies: Singapore corporate income tax rate is 0-17% (China 25 %), Singapore’s personal income tax rate is the highest at 22% (China’s 45%), and there are a series of tax relief benefits.

② Singapore’s single tax system: Singapore has fewer types of taxes and low tax rates. It adopts the principle of territorial taxation and has a single tax system. For example, after a Singapore company pays income tax, dividends received by the company's shareholders are tax-free in Singapore.

② Double taxation exemption: Singapore has signed double taxation exemption agreements with more than 70 countries. Companies and individuals who benefit from foreign income and assets are only taxed once, which can help Singapore companies achieve reasonable tax avoidance. .

Tax benefits for Singapore companies in 2019 1. Newly established companies (three years before establishment) will enjoy substantial income tax discounts:

① Taxable income within the first 100,000 Singapore dollars: income tax Full exemption; ③ Next 200,000 Singapore dollars: 50% reduction, equivalent to a tax rate of 8.5% ④ Enjoy 20% income tax reduction, capped at 10,000 Singapore dollars.

2. Established enterprises (three years after establishment) will enjoy substantial income tax discounts:

① Taxable income within the first 10,000 Singapore dollars: 75% reduction, equivalent to the tax rate 4.25% ② The next 290,000 Singapore dollars of taxable income: 50% reduction, equivalent to a tax rate of 8.5%