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Worldwide Tax Summaries

Quick charts
Territory-specific tax
information.

Philippines Singapore
Corporate income tax 30 17
rate (%)

Corporate income tax

due dates
CIT return due date Quarterly return: Within 60 days from the 30 November
close of the first three quarters. Annual
return: On or before the 15th day of the
fourth month following the close of the tax
year.

CIT final payment due On the 15th day of the fourth month Within one month after the service of the
date following the close of the taxable year. notice of assessment.

CIT estimated payment Quarterly instalments paid within 60 days The estimate of chargeable income must
due dates after each quarter. be submitted within three months from
the company's financial year end. The
estimated tax is then payable within one
month from the service of the notice of
assessment or in instalments in
accordance with an instalment payment
plan.

Standard VAT rate (%) 12 Goods and services tax: 7

Withholding tax rates Resident: 0 / 10, 15, or 20 / 20; Resident: NA;

(%) (Dividends / Interest Non-resident: 15 or 30 / 30 / 30 Non-resident: 0 / 15 / 10
/ Royalties)

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WWTS Quick Charts http://taxsummaries.pwc.com/ID/Quick-charts?OpenDocument&QC...

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

All information in this chart is up to date as of 22 March 2019. This chart has been prepared for general guidance on matters of
interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without
obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or
completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any
liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the
information contained in this chart or for any decision based on it.

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