Singapore drops RTC tax rate to 8%

In what could be seen as a move against Hong Kong’s recent push to attract Chinese and MNCs to its shore, Singapore delivered a surprise cut to its concessionary tax rate for treasury centres located in the Lion City.

By Daniel Flatt

Mar 30, 2016

linkedin facebook twitter

Singapore’s Minister for Finance Heng Swee Keat delivered the country’s 2016 budget last week (March 24) and offered quite the sweetener for companies looking to set up their regional treasury centres (RTCs) within Asia.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Risk & Compliance Treasury