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The latest on Singapore Savings Account Rates:

Jul 11, 2016

Tax Treatment of Investment Income from Deposits

Tax Treatment of Investment Income from Deposits

We share information on the tax treatment of investment income from deposits in Singapore today.

Basically, the question today is "Do you have to pay tax on investment income from savings deposit, fixed eposits, bond investments, Singapore savings bonds and other similar fixed investments in Singapore?

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.


Tax Treatment of Investment Income from Deposits:

The interest received from deposits with approved banks or licensed finance companies in Singapore is not taxable.

Interest from debt securities (e.g. bonds) is also not taxable unless it is derived from:

a. A partnership in Singapore; or
b. From the carrying on of a trade in debt securities.

Go to IRAS website for more details.


Thanks for reading Singapore Savings Account Rates.

The Team

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