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Corporate Tax Rate and Rebate

Since Year of Assessment (YA) 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company. 

And for YA 2013 to YA 2015, all companies will be granted a 30% Corporate Income Tax Rebate capped at $30,000 per YA. Please click to read more on corporate tax.

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Functional Currency

The functional currency of a company is the currency that is widely used (or transacted in) by a company in normal daily business....

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