The direct tax of Singapore impose plan have tax of corporation tax, individual income tax, property, landed duty (Estate Duty) , stamp duty and central accumulation fund (Central Provident Fund) reach consumption tax (Goods&Services Tax) . But contribute to the tax of capital income tax, sales, duty that increase a cost, national defence, education is contributed wait for tax items to still do not have impose plan, rise from April 1, 1985 as to compensation tax regulations, stop to collect. Be aimed at a few main duty below try to introduce.
One, corporation tax (Company Income Tax)
(One) department of active corporation tax is pressed seek profits earning can deduct charge, depreciation in deduction, trade after the charity of loss and approved is donated, depend on the 25.5 ％ impose of net specified number. When company profit allocates partner with dividend means, join the individual partner at the regulation (basically be Singapore citizen or permanent resident) can exceed tax rate of 25.5 ％ company the individual answers the part of pay tax rate applies for drawback.
Certain allow permits deducted expense to be as follows:
Investment is touched decrease (depreciation) .
The company loss of year is mixed on the investment that did not recoup is touched it is OK to decrease in giving the gain that is extended to prospective year, buckle touch, alone partner combination must not have major change, namely the equity of at least 50 ％ does not have commutation partner.
Mineral products and wildcat the expenditure that wait.
Foreign expenditure is spent completely to be able to deduct expense according to the equational computation that already decided with the foreign country in Singapore.
The administration fee that includes cost share only and parent company admeasure are in the expenses expenses of Singapore subsidiary.
Or the reserve that has bad debts.
(2) besides corporation income tax, the company also needs a burden the following duty:
Skill expands foundation duty (Skill Development Fund Levy)
Employer must be monthly pay under S$1, the employee of 000 pays skill to expand foundation duty, the amount of tax to be paid is the 1 ％ of employee monthly pay, every employee the amount of tax to be paid of every months of lowest is 5 stars yuan.
Accumulation fund (Central Provident Fund, CPF)
Employer must pay the following employee monthly pay every months 55 years old 20 ％ (rise from July 1, 1994) accumulation fund grants government. This is the extra part of employee firewood ferry.
Duty of foreign nationality labor (Foreign Workers Levy)
(1) manufacturing industry
Since December 1, 1994, number of the work outside manufacturing industry employ occupies the upper limit of all labor to be 50 ％ , namely labor of a this locality is right labor of a foreign nationality. Since January 1, 1999, take able-bodied person the foreign nationality labor of 40 ％ less than, the labor tax that capture of beard of every every months of place pays is 240 stars yuan, take able-bodied person the foreign nationality labor inside 50 ％ of 40 ％ ～ needs capture to pay every month of 310 bits yuan labor duty.
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