Singapore Expats

Is it 20% or 25%?

Neither, it is either 17 or 18 percent for 2008.

Pretty high here

nhonho_88 wrote:Pretty high here

You don't know much. Much higher in the US and Europe. Also much higher in Malaysia and Thailand, where you also have to pay a tax on any money taken out of the country. Singapore is business friendly.

Strong Eagle wrote:

nhonho_88 wrote:Pretty high here

You don't know much. Much higher in the US and Europe. Singapore is business friendly.

Most of his/her posts have been like that. Except for the ones in which he resorted to directly advertising which were deleted.

Rex218 wrote:Is it 20% or 25%?

Maintain ur biz at 100k profit for ZERO TAX charges.

* Zero tax for new Singapore companies on the first 100K annual profits for the first 3 years

* All companies to enjoy low 9% corporate tax rate for profits up to 300K
* Overall company tax rate lowered to 18%

http://www.asiabizsetup.com/singapore-c ... -2007.aspx

Bless why we left Australia!

And you still get tax deductions from renovation expenditure. <a>Tax PDF document</a>.

I love the no tax for the first 3 years. Will definitely be helpful for startups.

kudo wrote:I love the no tax for the first 3 years. Will definitely be helpful for startups.

It is not 'no tax for the first 3 years'. It is no tax on the first $100,000 in profits for the first 3 years. After that there are still additional breaks that drop the 17% actual much lower.

And, as long as you are in line with reasonable fees and salaries you can pay yourself directors fees and/or a solid salary to reduce corporate profits.