The Republic of Singapore, also known as Lion City or the Little Red Dot, is an island city-state of Asia, made up of a main island and sixty-two other islets. It is a founding member of the ASEAN and is located to the south of the State of Johor in the peninsula of Malaysia and to the north of the islands Riau of Indonesia, separated from these by Strait of Singapore. Its population is about 5.5 million, of which about 75 percent are Chinese, with the rest being Malay, Indian or Eurasian minorities. This multicultural diversity is reflected in the four official languages of the country: English, Chinese, Malay and Tamil. Its official currency is the Singapore Dollar (SGD).
Singapore stands out as a low tax jurisdiction. Residents and non-residents are subject to personal income tax on their income derived from Singapore. Foreign-source income is only taxable if it is received in the country by a resident through a partnership in Singapore. Usually, an individual is tax resident in Singapore if he or she spends more than 183 days in a year in the country, or engages in regular employment there.
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5 авг 2022
