Page 6 - Building a Treasury Centre for Sustainable Growth

Tax Insights

Key Considerations

Singapore Hong Kong Thailand

1. Ageing population 1. Geopolitical environment 1. Geopolitical environment
2. High labour and
2. Limited DTA networks 2. Cumbersome application
infrastructure costs procedures
3. High cost of living 3. Lack of incentives
for local companies’ 3. Restrictions on getting
treasury activities loans by issuing bonds

Self-assessment Questionnaire

Key questions How we can help

▪▪ Should the group enter into interest rate swap Advice on tax treatment of interest rate
arrangements? swaps

▪▪ How does the group manage interest rate risk? Advice on tax treatment of accounting
▪▪ How does the group manage foreign exchange risk hedges

for financing activities? Advice on qualification tests, criteria,
▪▪ How do I qualify for a concessionary tax rate in application process and comparison study

different jurisdictions? Advice on capital gains tax
▪▪ Which concessionary tax rate is more beneficial to
Advice on withholding tax and corporate
my operational needs? tax rate
▪▪ How do I benefit from capital gains tax deduction for
Advice on thin capitalisation rules
sale of assets? Advice on concessionary tax rate of
▪▪ How do I achieve higher tax savings for corporate incremental income
Advice on the tenure of incentives
tax, interest withholding tax and dividend Advice on offshore income treatments
withholding tax?
▪▪ How do I minimise tax implications for different
financing options?
▪▪ Should the group plan to base its HQ in Singapore to
qualify for a further concessionary tax rate?
▪▪ How long is the incentive period for a concessionary
tax rate?
▪▪ How are offshore incomes treated?

5 Building a Treasury Centre for Sustainable Growth