There are three categories of foreign income that are exempt from Singapore tax. People should know this information in order to know their tax status. Three categories of tax-exempt foreign income are foreign dividends, foreign profits and also service income from foreign sources. Several important conditions for obtaining tax exemption: According to Section 13(9) of the Singapore Income Tax Act, tax exemption can be approved when three conditions are met. There are three different conditions that people need to consider when they want to claim this tax exemption. Here are the three main conditions that should be met by Singapore businesses.1. The highest tax rate received from the foreign country is approximately 15% or more of the foreign income received in Singapore.2. Foreign income is subject to tax in other countries where the income was received. In some cases, the tax rate on foreign income is different from the corporate tax rate. This situation is also acceptable as a condition of tax exemption.3. Th...