Corporate Taxation
A corporation is generally liable for Singapore income tax on all income accruing in, or derived from Singapore, as well as foreign sourced income remitted or deemed remitted into the country.
Tax losses may be carried forward to set off against income of future years subject to the shareholders’ continuity test.
The test requires there to be no substantial change (i.e. more than 50%) in the ultimate beneficial shareholders and their shareholdings in the entity.
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Tax
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