Corporate Tax « FINANCE ACCOUNTING COACH | Free Online Accountant Reference Site

Singapore Cuts Corporate Tax And Increase GST to 7%

Interesting key features from Singapore Second Finance Minister Tharman Shanmugaratnam when presenting the 2007/2008 budget:

the plans to raise the country’s goods and services tax (GST) to 7% from 5% from July 1 and cut corporate tax by 2 percentage points to 18% next year.
the GST increase will be used to redistribute wealth to address dramatic income [...]

Tax Incentives For The Venture Capital Industry

[ Go to Content Page to view ALL articles written on Venture Capital Companies ]

The following incentives are available :

(a) Venture Capital Companies Investing In Venture Companies:
Venture Capital Companies (VCC) investing in venture companies are given full tax exemption on all sources of income for 10 years of assessment or the [...]

Multimedia Super Corridor (MSC) (Part 3)

This final part dealt with the incentives of being MSC accreditation and the application procedures to seek MSC status.

Besides the earlier mentioned Bill of guarantees (part 1), the following are the incentives given:

Financial Incentives

·Malaysian income tax exemption on statutory income for 5 years extendable to 10 years, or 100% investment tax allowance (ITA) on [...]

Multimedia Super Corridor (MSC) (Part 2)

The earlier article has given a short introduction and background history of the MSC.

This article seeks to explain the type of companies eligible for MSC Status and the respective criteria or condition to comply with.

Basically, companies include the following:

Multimedia Super Corridor (MSC) (Part 1)

Operational Head Quarter (OHQ) incentives has earlier been mentioned in an earlier article.

Reported in the Edge Malaysia 13/10/06, Global consulting company Frost & Sullivan has announced to set up a third global innovation centre in Malaysia so as to expand in the Asia-Pacific region. Frost & Sullivan further [...]