Corporate Tax Residency in Singapore

Abstract

This article delves into the significance of Singapore residency for companies, focusing on factors such as the control and management of businesses. It highlights recent updates by the Inland Revenue Authority of Singapore regarding virtual board meetings and outlines additional economic criteria, applicable in select instances, for determining corporate tax residency. Additionally, it examines the implications of Singapore residency for tax treaty benefits, relief from double taxation, and eligibility for tax incentives, offering insights into navigating Singapore's tax landscape for practitioners and businesses.