Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/11/2014

Singapore - Tax considerations on making overseas investments 

April 11: Singapore businesses investing overseas need to consider the concept of worldwide taxation because Singapore corporate taxes are imposed only on Singapore-sourced income and foreign-sourced income is taxed only on remittance into Singapore.

Singapore businesses investing overseas also need to be aware that there may be circumstances when no local business entity is required, and that it can be critical to know what level of activity may give rise to a taxable presence in a foreign country.


Read an April 2014 report [PDF 298 KB] prepared by the KPMG member firm in Singapore: Tax Alert: Navigating the tax maze when venturing abroad




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