Singapore Company Registration By Rikvin

Singapore Company Registration By Rikvin Rikvin is a one-stop service center at the heart of Singapore. It specializes in professional services and business needs particularly in company incorporation. Foreign businesses continue to swarm to Singapore to... More

Singapore Company Registration By Rikvin Rikvin is a one-stop service center at the heart of Singapore. It specializes in professional services and business needs particularly in company incorporation. Foreign businesses continue to swarm to Singapore to do business. “A locally incorporated company such as a private limited company and a subsidiary office enjoy lower tax rates under the new tax exemption scheme beginning YA 2011,” quips Rikvin. “While the first S$100,000 revenues are tax-free, the next S$200,000 profits shall be taxed by 6. 8%, a 1. 7% difference from the current YA scheme. The subsequent S$194,118 revenues will be taxed by 13. 6% from the current 17%,” Rikvin adds. Meanwhile, all other companies that are not qualified for the tax exemption scheme will still enjoy the tax incentives with even lower tax rates for YA2011 than the current YA rates. Rikvin continues: “The first S$10,000 will have 3. 04% from the current 4. 25%, while the 8. 50% will be lowered to 6. Less