If you qualify for the NOR scheme, you may enjoy the benefit of time apportionment of employment income and tax exemption on contributions made by the employer to an overseas pension fund for five consecutive years, subject to qualifying conditions.
New! From
Year of Assessment 2021, the NOR scheme will be lapsed. The last such NOR
status will be granted in YA 2020 and expire in YA 2024. Individuals who have
been accorded the NOR status will continue to enjoy NOR tax concessions until
their NOR status expires, if they continue to meet the condition of the
concessions.