Income Tax

• All businesses, whether you are a sole-proprietor, partnership or company, must pay taxes on income that is derived or received in Singapore.
  
  
• How much you pay and when you pay depends on the type of business structure.

See:	Income Tax for Sole-Proprietors Income Tax for Partnerships Income Tax for Companies

Withholding Tax

• When you make payment to a non-resident, you must withhold a certain percentage of that payment as "withholding tax".
  
  
• The withholding tax must then be paid to the Inland Revenue Authority of Singapore (IRAS).

See:	Withholding Tax

Goods And Services Tax (GST)

• You have to pay GST when you buy goods and services from GST-registered businesses. You also have to pay GST on imports to Singapore Customs.
  
  
• The current GST rate is 7%.

See:	Goods And Services Tax (GST)

Cess

• Cess is a tax levied on certain items sold by tourist hotels, tourist food establishments and tourist public houses.
  
  
• With effect from 1 July 2007, you do not have to pay Cess when you purchase goods or services from these tourist establishments.

See:

Cess

Property Tax

• You have to pay property tax if you or your business owns property.
  
  
• All types of properties including HDB flats, factories, offices and vacant land are subject to tax.
  
  
• The current annual tax rate is 10%.

See:	Property Tax

Stamp Duty

• Stamp duty is actually a tax on commercial and legal documents. By stamping your documents, and paying the tax, your transaction is recorded and "recognised".
  
  
• Stamp duty is only payable on documents relating to immovable property, stocks and shares.

See:	Stamp Duty

This article is a simplified write-up of taxation in Singapore and is not intended to replace advice from a tax professional. You should speak to your accountant or contact the Inland Revenue Authority of Singapore (IRAS) for more information.