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Singapore: Tax-Efficient Sectors

Insurance

Approved offshore insurance companies in Singapore benefit from the 10% concessionary tax rate on qualifying income derived from business conducted in Singapore. However, the 2010 Budget introduced a sunset clause of five years on the incentive, effective from 1 April 2010. Under the clause, the incentive will be awarded for a 10-year period, and a headcount requirement will be imposed.

 

 

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