Singapore Updates Guidance on Tax Residency and Certificates of Residence

The Inland Revenue Authority of Singapore published updated guidance on 29 November 2023 on:

• Tax Residency of a Company/ Certificate of Residence; and
• Applying for a Certificate of Residence / Tax Reclaim Form.

With respect to the tax residency of a company, the update concerns control and management and board meetings using virtual meeting technology. In particular, a Board of Directors meeting that involves the use of virtual meeting technology will generally be regarded as having stra…