On or about 23 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of e-Tax Guide: Tax Exemption for Foreign-Sourced Income. It replaces the second edition which was published on 31 May 2013.
This e-Tax Guide aimed to provide details on the tax exemption for certain foreign-sourced income from 1 Jun 2003 under the foreign-sourced income exemption (FSIE) scheme. It consolidates the three e-Tax guides issued previously1 on the FSIE scheme and applies to all Singapore tax resident persons receiving foreign-sourced income in Singapore.
The following updates and amendments have been made:
- Revision to Paragraph 2.3 due to deletion of S13(8A) to S13(8D) of SITA
- Insertion of footnote 2 to Paragraph 3.4
- Insertion of footnote 6 to Paragraph 8.2(c)
- Editorial changes to Paragraphs 2.1, 3.2, 3.3, 3.4, 4.2, 8.1, 8.2, 8.3, 8.4, 9.1 and 9.2
Source: IRAS, 15 January 2019