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6 minute read Singapore corporate income tax is a flat 17% of a company’s chargeable income. This is already one of the lowest and most competitive corporate income tax rates in the world. Nevertheless, there are still ways to further reduce your corporate income tax. Tax Exemption Scheme For New Start-Up Companies Introduced in YA 2005 to support entrepreneurship and help new local companies grow, the tax exemption scheme provides tax savings for new companies in your first 3 consecutive Year of assessments (YA). From YA 2020 onwards, new start-ups are given 75% exemption on the first $100...

Ministry of Land, Infrastructure, Transport and Tourism (MLITT) announced (21-Dec-2020) plans to provide JPY22.1 billion (USD213.8 million) in low interest loan financing to Nagoya Chubu Centrair International Airport under its Fiscal Investment and Loan Programme (FILP) budget for FY2020/2021 ( Nikkei/ Chunichi Shimbun, 22-Dec-2020). Nagoya will utilise the funds to cover costs associated with renovation works at terminal 1. [more - original PR - Japanese] Want More News Like This? CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our c...

This article was first published on  18 December 2020 and has been updated with the latest information on the opening of [email protected] business travel facility on 18 February 2021. After initially delaying the opening of [email protected], Singapore has now opened its borders to business travellers from all countries under a new quarantine-free segregated travel lane called [email protected] According to the [email protected] website, bookings are only available from 8 March 2020. This segregated travel lane is aimed at a limited number of businesses, official and high economic val...