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Tax Return Filing

Singapore Tax Categories:

• Personal Income Tax（个人所得税）
  
• Corporate Income Tax（公司所得税）
  
• Goods and Services Tax（消费税）
  
• Property Tax（房产税）
  
• Withholding Tax（预扣税）
  
• Stamp Duty（印花税）
  
• Customs and Excise Duties（关税和消费税）
  
• Foreign Worker Levy（外国员工税）
  

Singapore's tax system includes:

• Personal Income Tax: A progressive tax rate of 0% to 22% applies to residents.
  
• Corporate Income Tax: A flat rate of 17% is imposed on a company's taxable income (net income).
  
• Goods and Services Tax (GST): The government imposes a 9% consumption tax on general consumption and imported goods. Companies with annual taxable turnover exceeding SGD 1 million must register for GST.
  
• Property Tax: Non-residential properties are taxed at 10% to 20% of their annual value.
  
• Withholding Tax: Tax imposed on certain payments made to non-resident companies or individuals, such as interest, royalties, and technical service fees. Rates vary depending on the type of payment and tax treaties.
  
• Stamp Duty: Tax payable on the transfer of immovable property and company shares.
  
• Customs and Excise Duties: Singapore is essentially a duty-free port. Singapore does not tax exports and only imposes import duties on goods such as petroleum products, tobacco products, motor vehicles, and alcohol.
  
• Foreign Worker Levy: Regulates the employment of foreign workers in Singapore.
  

ZN Overseas provides comprehensive tax planning solutions for individuals and businesses. Please consult our professional advisors for more details.

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