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Free registration at the forum removes this block.How to pay fewer taxes (for beginners)
- Thread starter monnffffiiiiiii
- Start date
- TAXES | REGS
Taxes and regulation
In Singapore it is quite straight forward.
Personal income tax highest bracket: 22 percent
Corporate tax : 17 percent
No capital gain tax and dividend tax.
Sin Tax for alcohol and tobacco. You pay much higher price to drink and smoke here.
Stamp duty for buying a house if you are not local. Can be as high as 20 percent.
Certificate of entitlement if you wish to own a car. You pay $100k for that certificate that expires in 10 years.
Tax optimization generally not a big concern as tax is not high.
Rent went up 50 percent recently due to influx of demand. Not affecting locals much as home ownership is high. A problem for foreigners.
Personal income tax highest bracket: 22 percent
Corporate tax : 17 percent
No capital gain tax and dividend tax.
Sin Tax for alcohol and tobacco. You pay much higher price to drink and smoke here.
Stamp duty for buying a house if you are not local. Can be as high as 20 percent.
Certificate of entitlement if you wish to own a car. You pay $100k for that certificate that expires in 10 years.
Tax optimization generally not a big concern as tax is not high.
Rent went up 50 percent recently due to influx of demand. Not affecting locals much as home ownership is high. A problem for foreigners.
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