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Taxation on Director's Salary

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reliable1
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Taxation on Director's Salary

Postby reliable1 » Sun, 23 May 2010 6:22 pm

Hi,

Can anyone tell me how a Director (on EP) is taxed in Singapore? Do they pay the same personal taxes as others, assuming length of stay is more than 183 days? That's what I understand reading some other threads in this forum.

However, the IRAS site (http://www.iras.gov.sg/irasHome/page04.aspx?id=1190), says:

"You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:

* Singaporean; or
* Singapore Permanent Resident (SPR) if you have established your permanent home in Singapore; or
* Foreigner who stayed/worked in Singapore for 183 days or more in previous year (excludes director of a company).

Otherwise, you will be treated as a non-resident of Singapore for tax purposes."

SO... does that mean that an expat director of a Singapore company is not considered a tax resident?

I am totally confused.. someone pls throw light to the matter

Thanks,

Rajiv

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Postby Strong Eagle » Mon, 24 May 2010 7:44 am

If you live here you pay resident rate personal income tax on salary and directors fees (subject to the 183 day rule).

reliable1
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Postby reliable1 » Mon, 24 May 2010 1:56 pm

Thanks for the clarification!


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