Singapore publishes requirements for concessionary tax rate tiers under Development and Expansion Incentive

06 November 2024|Tax Alerts, National/Federal Taxation, Global|Singapore

Singapore has released minimum conditions for the new 15% concessionary tax rate (CTR) tier under the Development and Expansion Incentive (DEI), as well as updated conditions for the existing 5% and 10% CTR tiers.
The updated requirements appear to be accessible for many companies looking to place strategic functions and activities in Singapore.
Prior to discussions with relevant governmental authorities, companies will likely want to consider the DEI in their tax strategy and how these developmen…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.