Singapore CorporationThere are usually two types of taxes involved, corporate income taxCITAnd consumption taxGST.

First, corporate income taxCITSimilar to the mainland's corporate income tax, are levied on the company's net profit, at presentCITIs taxed at17%. The declaration time is once a year (financial year).

The tax also has preferential policies, the current preferential policy is the former20WNew currency50%-75%(the reduction rate is related to the time of establishment of the company). In addition, due to the epidemic, the Singapore government also gives the first three years of benefits for new registered enterprises20Wan's taxable profit is exempt subject to the following conditions:

1.Of the company's shares, at least10%Shares are individual shares;

2.Is a tax resident of Singapore and may not be a figurehead director.

Second, consumption taxGSTWhere the tax rate is the sales price for products or services sold primarily within Singapore7%(Currently, the Singapore government is preparing to increase the tax rate to9%). The tax, similar to the mainland's value-added tax, is levied at all circulation points and applies only to Singapore. If youSingapore CorporationThe tax does not apply only to businesses outside the country.

CycloseFocusing on providing company audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.