Which of the following statements relating to the tax treatment of an employee is FALSE?   (i) Christina, an Australian, is engaged to work in Singapore from 18 November 2020 to 31 December 2020.  During the same period, she derived interest income from a loan given to a company in Singapore.  All of her income sourced in Singapore will be tax exempt in YA 2021 since she exercised employment in Singapore for not more than 60 days in year 2020. (ii) Amy, a Singaporean, was seconded to work with a subsidiary company in Malaysia for 1 year, starting from 1 January 2020. For the Year of Assessment 2021, she will still be considered as tax resident in Singapore since her absence from Singapore is temporary. (iii) Xiao Ping, from China, commenced her employment with a Singapore company on 1 August 2020 and her contract will end on 30 January 2021. She is not required to travel outside of Singapore for work purposes. She arrived in Singapore on 15 July 2020 to settle in as well as to do some sightseeing in Singapore. She is considered a non-resident for YA 2021 as she did not exercise employment in Singapore for at least 183 days in 2020.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Which of the following statements relating to the tax treatment of an employee is FALSE?
 
(i) Christina, an Australian, is engaged to work in Singapore from 18 November 2020 to 31 December 2020.  During the same period, she derived interest income from a loan given to a company in Singapore.  All of her income sourced in Singapore will be tax exempt in YA 2021 since she exercised employment in Singapore for not more than 60 days in year 2020.
(ii) Amy, a Singaporean, was seconded to work with a subsidiary company in Malaysia for 1 year, starting from 1 January 2020. For the Year of Assessment 2021, she will still be considered as tax resident in Singapore since her absence from Singapore is temporary.
(iii) Xiao Ping, from China, commenced her employment with a Singapore company on 1 August 2020 and her contract will end on 30 January 2021. She is not required to travel outside of Singapore for work purposes. She arrived in Singapore on 15 July 2020 to settle in as well as to do some sightseeing in Singapore. She is considered a non-resident for YA 2021 as she did not exercise employment in Singapore for at least 183 days in 2020.

 

Question 20 options:

 

A) 

(i) and (ii) only.
 

B) 

(i) and (iii) only.
 

C) 

(ii) and (iii)only.
 

D) 

All of the above.
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