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Singapore Tax Rates
Corporate Tax
Statutory Surtax Local Effective Branch
17% - - 17% 17%

The corporate tax rate is 17%. In addition, 75% of the first SGD 10,000 of chargeable income and 50% of the next SGD 290,000 of chargeable income are exempt from tax. Singapore tax is imposed on a preceding year basis; thus, the Year of Assessment 2010 refers to financial year ended/ending in 2009.

Branches are taxed at the same rates as domestic companies. There is no branch remittance tax.

Withholding Tax
Dividends Interest Royalties
15% 10%

Singapore does not levy withholding tax on dividends.

The 15% rate applies provided the income is not derived by the nonresident through its operations carried out in or from Singapore. Where operations are carried out in or from Singapore, interest will be taxed at the prevailing corporate tax rate.

The 10% rate applies provided the income is not derived by the nonresident through its operations carried out in or from Singapore. Where operations are carried out in or from Singapore, royalty income will be taxed at the prevailing corporate tax rate.