May Tan, a 50-year-old Canadian citizen entered Singapore on 1 June 2020 to work for a Singapore company.  Her contract is for 1 year.  Which of the following statements is/ are TRUE?   (i)             May will be taxed as a non-resident for Year of Assessment 2021 as she is not a Singaporean (ii)           May’s income from Singapore will be exempt from tax as she is not a tax resident (iii)         May will be taxed as a resident for the Year of Assessment 2021 but as a non-resident for the Year of Assessment 2022.    Question 8 options:   1)  i only   2)  ii only   3)  iii only   4)  None of the above

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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May Tan, a 50-year-old Canadian citizen entered Singapore on 1 June 2020 to work for a Singapore company.  Her contract is for 1 year.  Which of the following statements is/ are TRUE?
 
(i)             May will be taxed as a non-resident for Year of Assessment 2021 as she is not a Singaporean
(ii)           May’s income from Singapore will be exempt from tax as she is not a tax resident
(iii)         May will be taxed as a resident for the Year of Assessment 2021 but as a non-resident for the Year of Assessment 2022. 
 
Question 8 options:
 

1) 

i only
 

2) 

ii only
 

3) 

iii only
 

4) 

None of the above
 
 
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