Business confidence has picked up significantly in Asia and the economic growth potential of the Southeast Asian region is promising.
Although taxes are an important factor of consideration for foreign professionals contemplating a relocation, it is not the sole driving force.
While New York tops the list, followed by London, Paris and Tokyo, Singapore ranks 5th out beating rival Hong Kong and other developed cities of the world.
This tax analysis report compares the tax policies of six countries: UK, USA, India, Australia, Russia, and Singapore.
The Singapore government has passed a new Tax Bill to align its tax regime in accordance with the OECD Standard for the exchange of information for tax purposes.
A flourishing financial center only serves to complement Singapore’s position as a regional business hub and as an attractive offshore business jurisdiction.
More than 120,000 corporate taxpayers, especially SMEs, are unaware of the schemes and incentives that can help reduce their effective tax rate.