Investment in six Productivity and Innovation Credit (PIC) can attract up to 400% tax deduction.
|Singapore||East Asia & Pacific||United States||Germany|
|Number of Payments of Taxes per Year||5.0||25.0||11.0||9.0|
|Time Taken For Administrative Formalities (Hours)||82.0||209.0||175.0||207.0|
|Total Share of Taxes (% of Profit)||27.6||34.5||46.7||46.8|
Source: Doing Business - Last Available Data.
|Individual Tax Rate||Progressive rate from 0% to 20%.|
|Up to SGD 20,000||0%|
|From SGD 20,001 to 30,000||2%|
|From SGD 30,001 to 40,000||3,5%|
|From SGD 40,001 to 80,000||7%|
|From SGD 80,001 to 120,000||11.5%|
|From SGD 120,001 to 160,000||15%|
|From SGD 160,001 to 200,000||17%|
|From SGD 200.001 to 320,000||18%|
|For more information||Access the tax calculator.|
|Type of property and law||Validity||International Agreements Signed|
Patents Act, 1995
|20 years (renewable)
Patent Cooperation Treaty (PCT)
Trade Marks Act, 2005 (revised)
|10 years (renewable)||
Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks
Registered Designs Act, 2000. Visit: Intellectual Property Office of Singapore
|5 years ( renewable after every 5 years up to a maximum of 15 years)|
Copyright Act, 2005
The duration varies depending on the nature of work. Visit: Intellectual Property Office of Singapore.
Berne convention For the Protection of Literary and Artistic Works
WIPO Copyright Treaty
WIPO Performances and Phonograms Treaty
Layout-Designs of Integrated Circuits Act, 1999
|15 years (maximum from the date of creation)|
Shops are normally open every day from 10:00 a.m. – 9:00 p.m.
|New Year's Day||1 January|
|Chinese New Year||February|
|Good Friday||March - April|
|Labour Day||1 May|
|National Day||9 August|
|Hari Raya Puasa||October - November|
|Deepavali||October - November|
|Hari Raya Haji||November - December|
|Christmas Day||25 December|
|New Year||1-2 days on 31st Dec and 1st Jan|
|Chinese New Year||2 days of public holiday (dates based on Chinese Lunar Calendar)|
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Last Updates: November 2014