Since all our business transactions are in USD, and that we're moving all staff out of SG (leaving just a shell co. here) within the next 2 years, we're thinking of just paying everyone in USD starting April.
I didn't find anything regarding wages paid in foreign currencies on the IRAS website but they do have an average annual rate for taxes. I've not done the sums yet but from a quick glance, it doesn't look very favourable to the rates we actually get.
http://www.iras.gov.sg/irasHome/page03a.aspx?id=14304
When paying taxes (corp/income/bribes/etc), anyone knows if we're allowed to set our own rates, or do we have to use theirs?
