SINGAPORE CORPORATE TAX

SINGAPORE CORPORATE TAX

New Startup Companies* for First 3 Years of Assessment

8.50% 17.00%

* Qualifying condi ons: No more than 20 individual shareholders throughout basis period for that YA All of whom are individuals benecially and directly holding the shares in their names; OR Where there are non-individual shareholders, at least 1 shareholder is an individual holding at least 10% of the shares.

Taxable income

NO TAX

First S$100,000

S$100,001 - S$300,000

Above S$ 300,000

For All Other Companies - Par al Tax Exemp on

4.25% Taxable income 8.50% 17.00%

Companies that do not meet the qualifying condi ons would s ll be eligible for par al tax exemp on.

First S$10,000

S$10,001 - S$300,000

Above S$ 300,000

TAX-FREE DIVIDEND Tax paid by a company on its chargeable income is the nal tax and all dividends paid to its shareholders are exempt from further taxa on.

0%

Singapore Corporate Tax

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NEW STARTUP COMPANIES FOR FIRST THREE YEARS OF ASSESSMENT

Chargeable Income ($) 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 5,000,000 10,000,000 Es mated Tax (S$) 0 8,500 17,000 34,000 51,000 68,000 85,000 102,000 119,000 136,000 816,000 1,666,000 Eec ve tax rate 0% 4.25% 5.67% 8.50% 10.20% 11.33% 12.14% 12.75% 13.22% 13.60% 16.32% 16.66%

ALL OTHER COMPANIES PARTIAL TAX EXEMPTION

Chargeable Income ($) 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 5,000,000 10,000,000 Es mated Tax (S$) 8,075 16,575 25,075 42,075 59,075 76,075 93,075 110,075 127,075 144,075 824,075 1,674,075 Eec ve tax rate 8.08% 8.29% 8.36% 10.52% 11.82% 12.68% 13.30% 13.76% 14.12% 14.41% 16.48% 16.74%

Singapore Corporate Tax

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CAPITAL GAINS TAX

Gains that are of a capital nature are not taxed in Singapore. However, where there is a series of transac ons or where the holding period of an asset is rela vely short, IRAS may take the view that a business is being carried on and a empt to assess the gains as trading prots of the company.

WITHHOLDING TAX ON PAYMENTS TO NON RESIDENTS

Since a non-resident is liable to pay income tax on Singapore-sourced income, any person making payment of a specied nature to a non-resident has to withhold a certain percentage of that payment as Withholding taxes.

Dividends Interest Royal es Company directors renumera on Technical assistance and service fees Rent on moveable property Management fees Charter fees for ship or aircra

Exempt 15% 10% 20% 17% 15% 17% 0 - 2%

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RIKVIN PTE LTD

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This material has been prepared by Rikvin for the exclusive use of the party to whom Rikvin delivers this material. This material is for informa onal purposes only and has no regard to the specic investment objec ves, nancial situa on or par cular needs of any specic recipient. Where the source of informa on is obtained from third par es, Rikvin is not responsible for and does not accept any liability over the content.

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