Definitions for "Corporate Income Tax"
A tax on the profits of corporations. Differences in corporate tax rates across countries can be a cause of foreign direct investment as well as transfer pricing.
Corporate income tax is a tax levied on the income a company derives from Singapore or receives in Singapore from outside Singapore. The corporate tax rate is 20% with effect from Year of Assessment 2005.
The tax, usually calculated on Net Profit (income less expenses), paid by the corporation before any distributions to the shareholders.
Keywords:  nontariff, barriers
a nontariff barriers