The Inland Revenue Authority of Singapore (IRAS) has issued information on its website explaining amended rules relating to the concessionary tax exemption available for contributions by employers to certain pension schemes. The exemption relates to contributions that employers make to a mandatory and non-mandatory overseas pension fund or social security scheme. This should be of interest to individuals going to work in Singapore and to employers sending employees on assignment to Singapore. Anyone looking for further information should consult the IRAS website in respect of the changes.
