Directors' remuneration and fees (apart from gains from stock options/other share ownership plans) received by an individual in the capacity as a non-resident director of a company which is a tax resident in Singapore are subject to 24% withholding tax (22% for income due and payable from 1 January 2016 to 31 December 2022). It does not matter where the board meeting was held or that the individual was not physically working in Singapore. Such payments are taxable regardless of the physical presence in Singapore.
The date of payment (for withholding tax filing purpose) for director's fee is defined as the earliest of the following dates:
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•ÌýÌýÌýÌý Director's Fees Approved in Arrears. For director's
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Web page updated on 17 Mar 2025 13:15