The outbreak of COVID-19 at the start of this year brought about unprecedented volatility for business operations worldwide, pushing companies to alter the way they operate as they adapt to the new normal. As travel restrictions were imposed globally, some individuals were forced to work remotely in a country that is not their country of residence, which could trigger tax impacts for employers and employees. During this period, the Inland Revenue Authority of Singapore (IRAS) continues to extend its assistance and provide tax certainty to taxpayers through a series of support measures to help businesses and individuals to ease their cash flow. In this publication, we provide an overview of the recent measures that the IRAS have issued in response to COVID-19 and the resulting implications for businesses and their mobile employees.
