Proposed Change In The Tax Treatment of Accommodation Benefit Provided To Employees
26 October 2018
Accommodation benefits provided by an employer to its employees during their employment in Singapore are taxable as part of their employment income. The Income Tax Amendment Bill 2018 has proposed changes to the basis of calculating the taxable value. If passed, the proposed change will be effective from YA2020 (i.e. the calendar year 2019) onwards. Read about it on this alert.
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