All three of Singapore, Hong Kong and the UAE can exempt a holding company’s foreign dividends and capital gains, but each attaches conditions: Singapore’s foreign-sourced income exemption (Section 13(8)) requires the income to have been taxed abroad at a headline rate of at least 15%, Hong Kong’s FSIE regime requires economic substance or a participation…
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Singapore vs Malaysia vs Hong Kong vs UAE: Corporate Tax Compared
Headline corporate tax is 17% in Singapore, 24% in Malaysia, 8.25% on the first HK$2 million then 16.5% in Hong Kong, and 0% up to AED 375,000 then 9% in the UAE. Consumption tax is 9% GST in Singapore, SST (6–8% service, 0/5/10% sales) in Malaysia, none in Hong Kong and 5% VAT in the…
