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Income tax in Singapore

Index Income tax in Singapore

Income tax in Singapore involves both individual income tax and corporate income tax. [1]

7 relations: Calendar year, Corporate tax, Income tax, Progressive tax, Singapore, Tax, Tax exemption.

Calendar year

Generally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day, and thus consists of a whole number of days.

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Corporate tax

A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities.

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Income tax

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income).

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Progressive tax

A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

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Singapore

Singapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia.

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Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

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Tax exemption

Tax exemption is a monetary exemption which reduces taxable income.

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Redirects here:

Individual income tax in Singapore.

References

[1] https://en.wikipedia.org/wiki/Income_tax_in_Singapore

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