Income Tax On E-commerce Transactions In Singapore: Is A Company Whose Business Operations Are In Singapore And Derives Its Income From E-commerce Activities Through A Website In A Foreign Country Liable For Income Tax?

In this era of information technology, the traditional way of doing business has been drastically changed in Singapore. The number of Internet users who buy goods or services online is increasing rapidly. E-commerce will bring major changes in many areas like taxation. Singapore has enacted various laws that deal with e-commerce transactions.

The following questions have been addressed in this article:

What is the basis for Income Tax on E-commerce transactions?
Is a company dealing with tangible goods with business operations in Singapore liable for income tax on foreign based e-commerce transactions?
Is a company dealing with intangible goods with basis Singapore taxed on foreign e-commerce transactions?

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