Understand the pooled example
The YA 2021 company elects pooling for Country X service income and Country Y interest, both assumed to qualify for double-tax relief. Foreign taxes total S$11,000. The separate Singapore allocations are S$5,763.08 and S$2,396.41, together S$8,159.49. The pooled credit is the lower aggregate amount, producing net Singapore tax of S$34,578.51 after credit against S$42,738. It differs from calculating each source’s lower amount independently.
Eligibility remains separate
The illustration lists foreign headline rates of 20% and 30% and explains that headline rate means the jurisdiction’s highest corporate rate. These are example assumptions, not country-specific current rates. Pooling is not permission to include any foreign receipt or refundable tax. Confirm eligible income, tax actually paid and the applicable election conditions, then retain an allocation schedule reconciling expenses, allowances, exemptions and the final pooled limit.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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