Taxation of Overseas Income for Services Rendered in Singapore
I am engaged by a foreign consulting firm to render my services in Singapore. Will my consultation fees be taxed in Singapore if the fees are paid to me outside Singapore? Yes. You are liable to pay Singapore tax for the professional services rendered in Singapore. It does not matter where you are paid.
Singapore moves ahead of London in Bloomberg survey
Bloomberg’s Global quarterly survey was polled by over 1,400 Bloomberg subscribers in six continents. New York topped the survey as the hottest place for financial services and it has sustained its supremacy in spite of being severely battered by the credit crisis. Singapore overtook London as the investors’ preferred place for doing business. Singapore was [...]
Singapore-Russia Avoidance of Double Taxation Agreement Ratified
Singapore’s agreement with the Russian Federation for the avoidance of double taxation comes into force on 16 January 2009 following the completion of ratification formalities. The provisions of the Agreement
OECD Tax Clampdown May Benefit Singapore
A recent news report in Channel News Asia’s website stated that many high net worth individuals and enterprises may look towards Singapore to park their assets as the United States tightens the noose around the tax evaders. The traditional tax havens, which have long enjoyed the
