2023-07-10Advantage of Incorporation of a Singapore Company
(1) |
Group relief arising from the option to transfer current-year losses, current year unabsorbed capital allowance and donation within qualifying group companies (i.e Singapore incorporated companies) may be available. |
(2) |
Foreign-sourced dividend, foreign branch profits and foreign-sourced service income which are taxable when received in Singapore by a Singapore resident company, maybe exempted from Singapore tax where certain conditions are met. |
(3) |
Gain on disposal of Singapore or foreign investments/assets are not subject to Singapore tax where the gains are capital gains because Singapore has no capital gains tax regime. |