Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 155

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 155
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 and do not purport to deal with the tax consequences applicable to all categories of investors, some of which (such as dealers in securities or financial institutions in Singapore which have been granted the relevant Financial Sector Incentive(s)) may be subject to special rules or tax rates. The statements should not be regarded as advice on the tax position of any person and should be treated with appropriate caution. Prospective holders of our shares are advised to consult their own tax advisers as to the Singapore or other tax consequences of the acquisition, ownership of or disposal of our Class A ordinary shares including, in particular, the effect of any foreign, state or local tax laws to which they are subject. The statements below regarding the Singapore tax treatment of dividends received in respect of our shares are based on the assumption that the Company is tax resident in Singapore for Singapore income tax purposes. It is emphasized that neither the Company nor any other persons involved in this prospectus accepts responsibility for any tax consequences or liabilities resulting from the subscription for, purchase, holding or disposal of our shares.

Individual income tax

Individual taxpayers who are Singapore tax residents are subject to tax on income accruing in or derived from Singapore or received in Singapore from outside Singapore, unless specifically exempted. All foreign-sourced income (except for income received through a partnership in Singapore) received on or after January 1, 2004 in Singapore by tax resident individuals will be exempt from tax if the Singapore Comptroller of Income Tax is satisfied that the exemption will be beneficial to them. Certain Singapore-sourced investment income (such as interest from debt securities) derived by tax resident individuals on or after January 1, 2004 from certain financial instruments (other than income derived through a partnership in Singapore or from the carrying on of a trade, business or profession) will be exempt from tax.

A Singapore tax resident individual is taxed, after deduction of qualifying personal reliefs where applicable, at progressive rates ranging from (i) 0% to a maximum rate of 22.0%, with effect from the Year of Assessment 2017 to the Year of Assessment 2023; and (ii) 0% to a maximum rate of 24.0%, with effect from Year of Assessment 2024.

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Non-resident individuals, subject to certain exceptions, are generally subject to income tax on income accrued in or derived from Singapore at a flat rate of (i) 22.0%, with effect from Year of Assessment 2017 to the Year of Assessment 2023; and