Need your help for TAX about LLP partners
1. For non-residents partners such as foreign company , foreigner living at overseas , how is the TAX rate for LLP's profit .
2. From page http://www.iras.gov.sg/ESVPortal/iit/ii ... penses.asp
Subj: What are examples of allowable and disallowable expenses?
"Your own salary, bonus, allowances and Medisave / CPF contributions" is " Disallowable Business Expenses"
If so , whether a partner have to pay 2 times for the same amounts of his salary from the LLP .
For example, partner get 50,000 salary from LLP , and such 50,000 would be re-taxed as the adjusted profit of the LLP again .
LLP is an easy way compare with company which is required lot's of extra filing job.
Expect comments about above mentioned question .