Singapore taxes introduction

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There is no capital gains tax in Singapore. Where an individual enters into a series of capital transactions, however, the tax authorities may take the view that the individual is carrying on a business and assess that person to income tax accordingly.3 May 2023

https://taxsummaries.pwc.com/singapore/individual/other-taxes#:~:text=There is no capital gains,person to income tax accordingly.

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According to the information given, there is no capital gains tax in Singapore. However, if an individual enters into a series of capital transactions, the tax authorities may take the view that the individual is carrying on a business and assess that person to income tax accordingly. Therefore, it is recommended to consult with a tax professional for specific tax advice regarding investments in Singapore as a French employment pass holder.

It's important to note that tax laws and regulations can change over time, so it's always a good idea to stay updated with the latest information. Additionally, it's advisable to seek professional advice from a tax expert who can provide tailored advice based on your specific circumstances.

According to the information given, there is no capital gains tax in Singapore. However, if an individual enters into a series of capital transactions, the tax authorities may take the view that the individual is carrying on a business and assess that person to income tax accordingly. Therefore, it is recommended to consult with a tax professional for specific tax advice regarding investments in Singapore as a French employment pass holder.

It's important to note that tax laws and regulations can change over time, so it's always a good idea to stay updated with the latest information. Additionally, it's advisable to seek professional advice from a tax expert who can provide tailored advice based on your specific circumstances.

Please note that the above information was last updated on May 28, 2023, and it's recommended to consult with a tax professional for any updates or changes to Singapore's tax laws and regulations.