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Singapore Highlights 2022

Page 1 of 11 International Tax Singapore Highlights 2022 Updated January 2022 Recent developments For the latest tax developments relating to Singapore , see Deloitte Investment basics Currency: Singapore Dollar (SGD) Foreign exchange control: There are no significant restrictions on foreign exchange transactions and capital movements. Funds may flow freely into and out of Singapore . The government imposes certain restrictions on the lending of SGD to nonresident financial institutions to limit speculation in the SGD currency market, but these restrictions do not apply to the lending of SGD to individuals and nonfinancial institutions, including corporate treasury centers.

partnership and limited liability partnership), sole proprietorship, variable capital company (a form of legal entity for investment funds), and branch of a foreign corporation. Corporate taxation . Rates. 17% Corporate income tax rate. Branch tax rate . 17% . …

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  Capital, Variable, Singapore, Capital variable

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