How Singapore Offers Better Tax Relief than Australia?

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HOW SINGAPORE OFFERS BETTER TAX RELIEF THAN
AUSTRALIA?
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Many investors are moving towards Australia and
Singapore. However, which one is suitable for you
in terms of saving taxes? Lets take a look why
quick company formation will suggest you to start
your new business venture in Singapore.
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EASY TAX STRUCTURE
Tax structure of Singapore is over simplified.
You just have to pay flat 17 off tax and there
are certain benefits for different businesses.
However, the Australian tax structure is quite
complex with three level assessment rules.
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TAXABLE INCOME
Singapore government levy taxes only if the have
earned profits in while operating in the country
or profits earned in other country if funds
remitted in Singapore while Australia levy taxes
on the profits earned worldwide.
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Rate of Tax
At Singapore rate of tax is 17 flat apart from
other exemption which they provide to various
businesses, which is 30 in Australia.
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TAX ON GOODS AND SERVICES
The rate of GST is 7 in Singapore which is 10
in Australia. Also, its is mandatory to register
business for GST in Singapore after earning a
revenue of 1 million SGD which is 75,000 AUD in
Australia.
7
Dividend
There are no taxes on dividend income in
Singapore, while it is compulsory in Australia.
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Contact us
Now you must be thinking to save your money from
taxes by incorporating your business in
Singapore. Now get in touch with Quick Company
Formation and earn more profits.