W8 and more – Invoicing an American client from a Singapore company

Mar 24

W8 and more – Invoicing an American client from a Singapore company

Singapore and the United States do not have a double taxation avoidance agreement (DTAA) in place. This lack of DTAA between the two major trading partners is likely by design for reasons which are beyond the scope of this piece, as the USA has taxation treaties with a number of countries where bilateral trade is smaller. Common...

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Invoicing an Indian client from a Singapore company – Startup FAQs

Mar 02

Invoicing an Indian client from a Singapore company – Startup FAQs

Singapore and India have had Double Taxation Avoidance Agreements since 1981, which has gone through revisions in 1994, 2005 and 2011. The latest revision to the DTAA is the third protocol, signed on 30 December 2016. Here are some commonly asked questions by Singapore companies with respect to taking advantage of the Singapore-India DTAA. Do note the...

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Tax Clearance for Employees – Startup FAQs

Jun 20

Tax Clearance for Employees – Startup FAQs

The lowdown on tax clearance for departing foreign employees of a Singapore company. A company is required to withhold the final month’s salary, and file a tax clearance with Inland Revenue Authority Of Singapore (IRAS) when a foreign employee is about to depart the company’s payroll. The requirement flows from Section 68 (5) of the Singapore’s Income...

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Personal Income Tax

Feb 10

Personal Income Tax

FAQs: Personal Income Tax in Singapore What is the responsibility of the employing company regarding personal income tax? It is the responsibility of the Employing company to give every employee a Statement of Annual Employment Income. Companies with 9 or more employees in Singapore have to mandatorily report the annual income of all employees directly to the...

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Startup FAQs: Employment Pass holder who wants to incorporate a company outside Singapore

Jan 12

Startup FAQs: Employment Pass holder who wants to incorporate a company outside Singapore

Question:   “I want to know about the tax implications if I incorporate a company overseas Singapore while working here on an Employment Pass (EP). Please also discuss the immigration angle.”   Answer:   I will look at this strictly from the Singapore angle on immigration and taxation. Thought also has to be given to the rules...

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