If you are looking to apply or renew your Employment Pass (EP), 2026 is a year of note. Key changes have been made to the Complementarity Assessment (COMPASS) framework, which may affect your application. COMPASS is a points-based system used to assess EP applications, in which applicants are required to obtain at least 40 points […]
As a global business hub, foreign companies often view Singapore as a gateway to enter the Asian market. Businesses looking to set up a company Singapore can choose from 3 corporate structures — subsidiary, branch office and representative office. Choosing the right structure for your company involves selecting one that best aligns your company’s goals […]
Singapore is one of the most tax-friendly places for expats: no capital gains, no inheritance tax, and foreign income kept offshore is generally tax-free. But how much you pay is not fixed. Your residency, pay structure, and exit timing all factor into how much you pay. Tax Residency Status Firstly, you must determine whether you […]
Companies often provide stock options and share awards to employees as employment benefits. For expatriate employees planning on leaving Singapore, these unvested shares may result in additional tax liabilities. Deemed Exercise Rule Section 10(6) of the Income Tax Act 1947 provides for the “deemed exercise” rule. Under this rule, when a foreign employee ends their employment […]
Expatriates living in Singapore often own property, shares, or other investments in their home country or elsewhere overseas. For those who decide to sell any of these assets, an important question is whether any gains from the sale are subject to tax in Singapore. Section 10L Of The Income Tax Act 1947 Section 10L of […]