Singapore adopts the territorial basis of taxation. Income tax is levied on individuals who derive Singapore-sourced income.
Tax residents of Singapore and the respective treaty country can enjoy the benefits of a Double Taxation Agreement (DTA).
When a Singapore tax resident earns foreign income from a treaty country, the individual may be subject to tax in that foreign country. However, the DTA may entitle a Singapore tax resident to enjoy a reduced tax rate or a tax exemption in
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