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Tax


	Capital Gains There is no capital gains tax in Singapore.

	Interest and Other Qualifying Income¹
		Resident non-individuals²
		Interest and other qualifying income derived by resident non-individuals (excluding Financial Sector Incentive - Standard Tier companies³) in respect of SGS issued during the period from 28 February 1998 to 31 December 2013 (both dates inclusive) is taxed at a concessionary rate of 10%.

		Non-resident non-individuals⁴
		Interest and other qualifying income derived by non-resident non-individuals in respect of SGS issued during the period from 28 February 1998 to 31 December 2013 (both dates inclusive) is exempted from tax.

		Individuals (Both resident and non-resident)
		Interest and other qualifying income derived by individuals in respect of SGS issued during the period from 28 February 1998 to 31 December 2013 (both dates inclusive) is exempted from tax, except where such income is derived through a partnership in Singapore or is derived from the carrying on of a trade, business or profession.

	Trading Income
	Income earned by SGS Primary Dealers from trading in SGS is exempted from tax.


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¹ Other qualifying income means discount, prepayment fee, redemption premium, break cost and such other income as may be presecribed by the income tax regulations.
² Including a premanent establishment in Singapore of a non-resident person.
³ Interest and other qualifying income derived by a Financial Sector Incentive - Standard Tier company in respect of SGS issued during the period from 28 February 1998 to 31 December 2013 (both dates inclusive) is taxed at a concessionary tax of 12% with effect from 1 January 2011.
⁴ Non-resident non-individuals include (i) any person who is not resident in Singapore and who does not have a permanent establishment in Singapore; and (ii) any perison who is not resident in Singapore and who carries on any operation in Singapore through a permanent establishment in Singapore where the funds used by that
person to acquire SGS are not obtained from the operation.

Last modified on 30/9/2011

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