Tax

Singapore's headline corporate tax rate is a flat 17%.
Singapore operates a territorial Tax system. Generally, income accrued in or derived from Singapore or received from outside Singapore is taxable, unless the income was already subjected to taxes in a jurisdiction with headline tax rates of at least 15%.
The tax on foreign income received in Singapore applies only if the income belongs to an individual* who is resident in Singapore or an entity that is located in Singapore.

Taxable income includes the following:

• Gains or profits from any trade or business
• Income from investment such as dividends, interest and rental
• Royalties, premiums and any other profits from property
• Other gains that are revenue in nature