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Capital Gains
There is no capital gains tax in Singapore.
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Interest Income |
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Financial Institutions, Corporations and Bodies of Persons1 |
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Interest and discount income earned on SGS issued on or after 28 Feb 1998 is taxed at a concessionary rate of 10%. Income received by financial institutions in Singapore from designated unit trusts would also qualify for the concessionary tax rate of 10% if the income is declared out of interest income derived by the unit trust from investing in SGS.
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Non-residents Without Any Permanent Establishments In Singapore2 |
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Interest income is exempted from tax. |
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Individuals (Both Resident and Non-Resident) |
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Interest income derived by individuals from SGS is exempted from tax under the "Tax Exemption of Singapore-sourced Investment Income Derived by Individuals from Financial Instruments". |
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Trading Income |
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Income earned by financial institutions in Singapore from trading in SGS is taxed at a concessionary rate of 10%. Income earned by SGS Primary Dealers from trading in SGS is exempted from tax. |
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