Taxation of Sole Traders in Singapore

Taxation of Sole Traders in Singapore

The sole trader or self-employed individual enjoys the lightest taxation and reporting regime out of all the possible types of legal entities in Singapore. This simple business form may be suitable for some investors; however, they must be well aware of the liabilities that are implied. The taxation of sole…
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Taxation of a Sole Trader in Singapore

Taxation of a Sole Trader in Singapore

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. Table of…
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