Manufacturing dutiable goods? Transform part of your premises into a licensed excise factory to suspend the payment of duty and GST till the goods leave your premises.
Transform your warehouse into a licensed warehouse for storing dutiable goods. In licensed warehouses, duty and Goods and Services Tax (GST) are suspended until the goods are released for sale into Singapore.
Importing goods into Singapore temporarily for exhibitions, repairs, filming, testing, etc.? Import them under TIS and you will not have to pay duty and/or taxes as long as you re-export these goods within 3 months.
Under new tax concessions, you can get up to 150% tax deduction for qualifying R&D activities in Singapore, even if the R&D does not relate to your existing trade/business.
Start-ups that meet certain qualifying conditions do not need to pay tax on the first S$100,000 of chargeable income (excluding Singapore franked dividends) for any of the first 3 years of tax assessment falling within Year of Assessment 2005 to 2009.
