Rules relating to employer contributions to overseas pension and social security schemes have changed

Global Watch ()
The Inland Revenue Authority of Singapore recently changed the tax concession rules relating to employer contributions to overseas pension or social security schemes for certain types of corporate set-ups.  These include investment holding companies, tax-exempt bodies, and service companies.

The changes are designed to further align corporate tax and individual tax positions in such set-ups, such that the concessionary treatment can either be claimed at the corporate or individual level.