A Highlight of Key Areas:
- Year of Assessment and Basis Period
- Tax Residence for employees
- Tax Residence for Directors
- Updates on Residence Status due to Covid-19
- Income tax implications for Resident and Non Resident
- Types of Employment Income including:
- Bonuses
- Directors’ remuneration and Fees
- Stock Option ( Brief Discussion)
- Retirement and Retrenchment Benefits
- Interest free or subsidized loans to employees and directors
- Benefits in Kind
- Others - Issues related to IR8A
- Issues related to IR21
- Dual Employment
- Area Representative
- Not Ordinarily Resident
- Reliefs and Rebates
- Double Tax Agreement and Individual Tax
- Tax Planning for Individuals
- Latest updates from IRAS