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