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Tax Services
“Many receive advice, only the wise profit from it” - Syrus

The Singapore Corporate tax rate is one of the lowest in the region, business friendly at 17%, with various tax incentive schemes in place to attract more businesses worldwide to set up companies in Singapore.

There is also Goods and Services Tax at 7%, with a mandatory requirement for companies with $1 million turnover to be GST registered. Additionally, Singapore also has Individual Income Tax and Property Tax.

Highlights of the Singapore Corporate Tax System are:

•	Low Corporate Tax Rate – From year of assessment 2010 (YA2010) onwards, the corporate tax rate is 17%. Since YA2005, newly setup Singapore companies can claim for full tax exemption on the first $100,000 of normal changeable income for its first three (3) consecutive YA. Effective from YA2009, the newly setup Singapore companies will also enjoy a further 50% exemption is given on the next $200,000 of the company's normal chargeable income. Find out more about tax exemption for Singapore company in our FAQ section.
•	One-tier Corporate Tax System – Income tax payable is based on the normal chargeable income of a company. Shareholders will not be taxed on dividend income.
•	Territorial Basis of Taxation – Taxable income is isolated to income accruing in or derived in Singapore, or income derived overseas but received in Singapore.
•	Double Taxation Treaties – Singapore has an agreement with 43 countries to prevent double taxation of income earned in Singapore by a resident (company or individual) of another country.
•	Goods and Services Tax (GST) rate is 7% effective 1 July 2007.

At PB Corporate Services, we have professional tax consultants who are specialized in tax planning and structuring tax and integration programmes. Our tax services extend to:

•	Tax Advisory Service, including Tax Planning and Tax Compliance
•	Preparation and submission of Corporate and Individual Income Tax Returns
•	Registration of Goods and Services Tax (GST)
•	Preparation and submission of GST Returns
•	Application for Major Exporters Scheme for GST
•	Tax clearance of foreign employees, IR21
•	Assisting in preparation of local employees, IR8A