Singapore has a welcoming taxation policy for startups, and in the first 3 annuals from company registration, the company would enjoy 75% exemption on the first $100,000 of normal chargeable income, and further 50% tax exemption on taxable income of up to S$100,000. Under normal circumstances, a company should pay 17% corporate tax annually in accordance with Singapore local tax laws. This is the responsibility and obligation of every company. If you want to operate and develop the company in Singapore for an extended period of time, you will need to file a tax return and have formal and reasonable tax planning as a necessary condition.
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