Finance and Treasury Centre Incentive: Singapore Economic Development Board (“EDB”) WWW – Edb.gov – SG

The Finance and Treasury Centre Incentive aims to encourage companies to establish treasury management capabilities in Singapore and use the country as a regional treasury management hub. Under the incentive, approved finance and treasury centres may receive a reduced corporate tax rate of 8% on qualifying treasury services and activities. They are also eligible for withholding tax exemptions on certain...

The Finance and Treasury Centre Incentive aims to encourage companies to establish treasury management capabilities in Singapore and use the country as a regional treasury management hub. Under the incentive, approved finance and treasury centres may receive a reduced corporate tax rate of 8% on qualifying treasury services and activities. They are also eligible for withholding tax exemptions on certain interest payments. To qualify, companies must establish substantive treasury operations in Singapore, employing a minimum of 10 people and spending at least $3.5 million annually on business costs. The incentive is limited to 5 years but may be extended if the company commits to further expanding its Singapore treasury activities.