Although tax filing season for individuals in Singapore is over, this post may come in handy in the future. With taxes ingrained in our everyday life – think goods & service tax, electricity and water tax, airport tax, electronic road pricing (ERP), income tax, and so on and so forth, we may feel overwhelmed by the various amount of taxes that we need to pay. Hence, the more you understand the nuances of taxes, the better it is for you in terms of savings or structuring it to the most optimal structure. For those who have expertise in tax structuring, it is no doubt this specific role is highly sort after on both the corporate and wealth management front.
If you’re working for a listed company like I am, there is a chance that part of your compensation comprises of shares in the form of Employee Stock Ownership Plan (ESOP). What...