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Leaving Singapore and restricted stocks deemed exercise

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skeeting
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Leaving Singapore and restricted stocks deemed exercise

Post by skeeting » Sun, 26 Jun 2022 9:02 pm

I'm considering leaving Singapore (and resigning from my employer). I understand tax clearance and withholding of salary and all that which is perfectly fine. What I can't seem to comprehend is the rule that any unvested stocks are taxed on departure. I'm curious to know or hear of any experiences with this because I can't seem to comprehend why there would be tax on shares that will never vest - e.g. if I resign from my employer, I am no longer eligible for the unvested stocks. Am I misinterpreting the deemed exercise rule? Thanks!

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