In light of the Covid-19 pandemic, the Singapore Government took precautionary steps such as entry restrictions and quarantine measures.
Unbeknownst to companies, these preventative steps and the correlative impossibility to convene management meetings in Singapore, or for employees of foreign companies to leave Singapore, could have consequences on a company tax residency.
The downsides of failing to obtain a COR or being deemed to have a permanent establishment could be significant.
Find out more in this brief by Lisbeth Lanvers-Shah and Olivier Monange.
