In Singapore, there are three types of partnerships:
- Ìý
•ÌýÌýÌýÌý partnership
- Ìý
•ÌýÌýÌýÌý limited liability partnership (LLP)
- Ìý
•ÌýÌýÌýÌý limited partnership (LP)
From the tax point of view, LLPs and LPs are treated the same as a partnership, ie taxed at the partner level.
While the partnership (including LLPs and LPs) does not pay tax, the partnership is still required to file an annual income tax return (Form P) to show all income earned by the partnership and deductions claimed for expenses incurred in carrying on the partnership business.
Tax is filed once
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 14:44