Step 4 - Foreign Tax Income

Hi everyone,

Here are some references for Foreign Tax Income if you are getting stuck.

The Tax Exemption

A Singapore tax resident company can enjoy tax exemption on its specified foreign income that is remitted into Singapore.

Categories of Foreign-Sourced Income

The three categories of specified foreign income are:

  1. Foreign-sourced dividend;
  2. Foreign branch profits; and
  3. Foreign-sourced service income.

For more information visit: https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Companies-Receiving-Foreign-Income/Tax-Exemption-of-Foreign-Sourced-Income/

Have more questions regarding Foreign Tax Income? Feel free to ask below!