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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 644 |
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In short, this means that all the funds (income) remitted into Singapore may also subject to taxation.
It is often assumed that foreign income remitted into Singapore is treated the same way as it is in Hong Kong. However, on this matter Singapore and Hong Kong greatly differ. Hong Kong does not tax offshore income so long as the invoicing company can provide detailed supporting evidence to the Hong Kong Tax authorities - at the point of claiming for the their offshore income to be tax exempt...
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However, on this matter Singapore and Hong Kong greatly differ. Hong Kong does not tax offshore income so long as the invoicing company can provide detailed supporting evidence to the Hong Kong Tax authorities - at the point of claiming for the their offshore income to be tax exempt.
However, only for year 2009, companies who have invoiced clients/customers from their Singapore company on or before 21st January 2009, but have not yet remitted the money back into Singapore (i...
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