Singapore Expats

Tax refund on Unvested RSUs

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sanmao
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Tax refund on Unvested RSUs

Post by sanmao » Sun, 23 Jun 2024 3:18 am

Hi,

Is there anyone who left Singapore and had to pay exit tax on the unvested RSUs due to deemed exercise rule? How did you apply for refund? Is there any guide?

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malcontent
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Re: Tax refund on Unvested RSUs

Post by malcontent » Tue, 02 Jul 2024 3:14 am

I don’t have any personal experience with this, but I know others that have experienced this issue. I don’t believe it is an exit tax per se, but a withholding by your employer on behalf of IRAS to ensure taxes you owe get paid, and you get a refund on the difference. This is true for any income tax due the IRAS upon repatriation AFAIK.
Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr

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