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.
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.
An income tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income).
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.
Singapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia.
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.
Tax exemption is a monetary exemption which reduces taxable income.