Withholding tax is applicable to payment of income made to a foreign individual in his capacity as a non-resident director . For payment of income made to the foreign individual in his capacity as an executive director , the withholding tax procedure is not applicable. Instead, the executive director must report his income in the income tax return. A tax bill will be issued to him for payment.
Yes, such payments are taxable regardless of his physical presence in Singapore as he has been paid the director’s fee.
Yes, the director’s fees would still be subject to withholding tax.
The full amount of remuneration is subject to withholding tax.
The full amount of the director's fees is subject to withholding tax.
The full amount of director’s remuneration is subject to withholding tax, whether paid in Singapore or not .
Whether he is liable to tax in Singapore would depend on the provisions in the tax treaty. Generally, director's fees derived from a company incorporated in Singapore is taxable in Singapore.
No, he will not be liable to Singapore income tax on the director’s fees paid by the foreign company with no presence in Singapore. The foreign company is not considered to have a presence in Singapore through a subsidiary in Singapore.
Yes, he will be liable to Singapore income tax on the director's fees paid by the foreign company as the foreign company is considered to have a presence in Singapore through a branch in Singapore.
The date of payment is the date they are voted and approved at the company’s Annual General Meeting.
No, since the employer has accounted for the withholding tax. The non-resident director must file an income tax return if he has other sources of income.
No, instead the employer must file a Form IR21A to report the gains from ESOP/ESOW within 30 days from the date of exercise, assignment, release or acquisition of the shares.