Remittances

A Singapore tax resident company can enjoy tax exemption on its foreign-sourced dividend income, foreign branch profits and foreign-sourced service income remitted or deemed remitted into Singapore if the following conditions are met:

  • In the year which the income is received in Singapore, the headline tax rate of the foreign jurisdiction from which the income is received is at least 15%; and
  • The foreign income has been subject to tax in the foreign jurisdiction from which they were received.

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