01-07-2013, 02:14 PM
SINGAPORE CORPORATE TAX RATES FOR YA 2013
SINGAPORE CORPORATE.pdf (Size: 2.18 MB / Downloads: 22)
CAPITAL GAINS TAX
Gains that are of a capital nature are not taxed in Singapore. However, where there is a series of
transactions or where the holding period of an asset is relatively short, IRAS may take the view that a
business is being carried on and attempt to assess the gains as trading profits of the company.
SINGAPORE WITHHOLDING TAX
Withholding Tax is part of the overall tax collection mechanism and is applicable to payments made to
non-residents (including employees, business partners and overseas agents). In accordance with IRAS
tax rules, a person has a legal obligation to withhold a percentage of the payment when he makes
payments of a specified nature under the Singapore Income Tax Act to a non-resident and pay the
withheld amount to IRAS. Such amount withheld amount is called Withholding Tax.