Singapore vs Chinese Taipei

17

20

November 30

No later than the fifth month after the end of the tax year.

Tax is payable within one month from the date of the Notice of Assessment.

No later than the fifth month after the end of the tax year.

The estimated income tax assessment must be submitted within three months after the end of the company's fiscal year. The estimated tax should be paid within one month after receiving the assessment notice, or paid in installments according to the installment payment plan. No estimated chargeable income (ECI) needs to be filed for a year of assessment when the company's annual revenue for the financial year is S$5,000,000 or below and its ECI is nil (the IRAS ECI filing waiver).

CIT is expected to be paid in the ninth month of the enterprise's fiscal year.

0/10/10

0/15/10

21/15/20

9

5%

Capital gains are generally taxed at the standard CIT rate of 20%. Securities gains are exempt from CIT but subject to IBT at 12% (TWD 600,000 deduction; 50% exempt if held over 3 years). Real estate transactions are subject to the Joint Property Tax System 2.0 at 15%–45% based on holding period (for properties acquired after January 1, 2016). Capital losses may be carried forward for 5 years.

16.09%

13.15%