Singapore has one of the lowest taxes. Corporate income tax is 65,438+07%, capital gains tax is exempted, and shareholders of Singapore companies are allowed to enjoy dividend income tax exemption, making Singapore an ideal base for enterprises to expand the Asian market.

Singapore's income tax law is based on the principle of territorial taxation. The income of any company or individual that occurs in or originates from Singapore, or the income obtained in Singapore, is taxable income in Singapore and must be taxed in Singapore.