COVID-19: Impact of Travel Restrictions on Foreign Companies

Amid the COVID-19 outbreak, many countries have imposed entry restrictions and border closures to contain the spread of the virus. As such, with these border control measures in place, employees of foreign companies may be stranded in Singapore; and one could potentially see the creation of a tax issue: permanent establishment (“PE”).

In view of this situation, the IRAS has released guidance on the impact of COVID-19 related travel restrictions to prevent unfair taxation caused during this period. Download the tax alert to find out more.