Insights

Equity-based incentive plans have gained significant traction in Singapore as a tool to attract, retain and reward employees. These plans allow employees to share in the company’s success, aligning their interests with shareholders while also deferring part of the company’s expenses. SGX-listed (i.e. public) companies have long used these structures, and private companies, including startups, now increasingly adopt them for their flexibility and impact on long-term motivation of employees.

Singapore is a top destination for affluent and highly skilled expatriates due to its strong economy, low taxes (progressive income tax capped at 24%), political stability, and high quality of life. Due to its thriving economy and strategic business positioning, it has become increasingly attractive for expatriates and their families. However, navigating Singapore Law regarding employment passes and laws and permanent residency may be unfamiliar territory for expatriates. Hence, this article offers insight on the key legal and tax considerations for expatriates when moving to Singapore.

Equity grants (Employee Stock Option Plans (ESOPs) and Employee Share Ownership Plans (ESOWs)) can come with their own set of challenges for reporting and taxability. Globally mobile individuals add an additional layer of complexity as they may even be caught with taxes in more than one country. In this article, we address the characteristics of ESOP/ESOW reporting that you should be aware of.

Singapore will be implementing a points-based evaluation system for Employment Pass (EP) applications starting from September 2023 under the new Complementarity Assessment Framework (Compass) which assesses applicant- and employer-based criteria such as salary, qualifications, diversity and support for local employment.

With “working from anywhere” becoming more commonplace, this two-part webinar series breaks down potential corporate and personal tax risks. From permanent establishments to where your employees need to pay tax, find out how you can mitigate the risk or limit their impact.

Tax authorities are reviewing and enacting changes to provide relief to affected taxpayers, find out the latest tax changes for Individuals and employers.

For Chinese employees working in China and elsewhere, new developments not initially accompanied by an official notice from the China tax authorities raises questions and challenges.

The objective of this webinar is to discuss iterative business models within the industry and explore typical tax issues that could emanate from these operating models that tax heads / financial controllers should be aware of.

As employees adjust to their “new normal,” global talent mobility is on hold for most and so employees may find themselves wondering how their current situation impacts their taxes. For businesses, addressing how to effectively manage compliance in new and complex international employment scenarios is just one of many pressing and challenging issues.

Across the globe, the spread of the coronavirus is having a significant humanitarian impact and increasingly, an economic impact from stock markets to global supply chains. As governments move rapidly to contain the spread of the virus, global employers are also working to address how to manage employees in affected areas while continuing business operations.

For Singapore citizens based overseas, the lapse of non-resident tax election means a potential exposure to Singapore income tax if they travel to Singapore for any business purposes.

Who are your globally mobile employees, how are they taxed? Learn more now.

For this month, our Back to Basics session is on Payroll.

The implementation of withholding tax (WHT) in France as from 2019, will make it mandatory for employers to withhold tax on a monthly basis from French income.

The Dutch government announced plans to introduce transitional measures with respect to the proposed changes to the 30% ruling. In a political twist yesterday, the Dutch government announced that it

The global mobility environment is changing rapidly. Businesses and their employees working internationally are faced with a complex web of regulations and laws.