Taxation of General Partnerships in Singapore

Taxation of General Partnerships in Singapore

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A partnership in Singapore is an association between two or more partners who can be individuals of companies. The general partnership is not perceived as a legal entity, such as a private limited liability company or even a private limited liability partnership. This is an important distinction because it determines…
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Taxation of a Sole Trader in Singapore

Taxation of a Sole Trader in Singapore

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The taxation of a sole trader in Singapore applies on the income derived from the business, trade or professional activities undertaken by the self-employed individual. Those who work as sole traders in Singapore must calculate and include their income, according to their business activity, in their tax return. Having an…
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