Company: SPPL
Filing Date: 2025-10-27
Form Type: F-3
Source: 0001493152-25-019408
Chunk: 43

Company: SIMPPLE LTD.
Filing Date: 2025-10-27
Form: F-3
Chunk 43
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 is exempt from Singapore income tax if the following conditions are met:

| (i)   | such                                                                                                                                 
 income is subject to tax of a similar character to income tax (by whatever name called) under the law of the territory from which    
 such income is received;                                                                                                             |
| (ii)  | at                                                                                                                                   
 the time the income is received in Singapore, the highest rate of tax of a similar character to income tax (by whatever name called) 
 levied under the law of the territory from which the income is received on any gains or profits from any trade or business carried   
 on by any company in that territory at that time is not less than 15%; and                                                           |
| (iii) | the                                                                                                                                  
 Comptroller is satisfied that the tax exemption would be beneficial to the Singapore tax resident company.                           |

The corporate tax rate in Singapore is currently 17%. From YA 2020 onwards, three-quarters of a company’s first S$10,000 of its normal chargeable income, and half of its next S$190,000 of normal chargeable income are exempt from corporate tax.

Newly incorporated companies will also, subject to certain conditions and exceptions, be eligible for tax exemption on three-quarters of the company’s first S$100,000 of normal chargeable income, and half of its next $100,000 of normal chargeable income, for each of the company’s first three YAs falling in or after YA 2020.

Dividend Distributions

Under Singapore’s one-tier corporate tax system, dividends paid by a Singapore tax resident company are exempt from Singapore income tax in the hands of its shareholders, regardless of whether the shareholder is a company or an individual and whether or not the shareholder is a Singapore tax resident.

Gains on Disposal of our Shares

Singapore does not impose tax on capital gains. There are no specific laws or regulations which deal with the characterization of whether a gain is income or capital in nature. Gains arising from the disposal of our Shares may be construed to be of an income nature and subject to Singapore income tax, especially if they arise from activities which the IRAS regards as the carrying on of a trade or business in Singapore.

Holders of our Shares who apply, or who are required to apply, the Singapore Financial Reporting Standard (“FRS”) 39, FRS 109 or Singapore Financial Reporting Standard (International) 9 (“SFRS(I) 9”) (as the case may be) may for the purposes of Singapore income tax