Under Singapore tax law, a company’s tax residency is determined by where the business is controlled and managed. Control and management refers to the making of decisions on strategic matters.
Typically, the place where the board of directors meet to make strategic decisions determines where control and management is exercised. If a company’s control and management is not exercised in Singapore, the company will not be considered a tax resident of Singapore.
In relation to board meetings that are held virtually, IRAS has in an update stated that strategic decisions will generally be considered to be made in Singapore if any of the following is satisfied:
- At least half the directors (with the authority to make strategic decisions) are physically in Singapore during the meetings; or
- Chairman of the Board (if any) is physically in Singapore during the meeting.
Further information is available here:
Entra Law 