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Singapore Tax Rates
Income accruing in or derived from Singapore or received in Singapore from overseas is subject to tax. For corporate tax, remittance of foreign-sourced dividends, foreign-sourced branch profits and foreign-sourced service income into Singapore are exempt from tax if prescribed conditions are met. For individual tax, remittance of all foreign-source income are exempt from tax.
GOODS AND SERVICES TAX (GST)
GST is a broad-based consumption tax levied on the import of goods, as well as nearly all supplies of goods and services in Singapore. The only exemptions are for the sales and leases of residential properties and the provision of most financial services. Export of goods and international services are zero-rated.