Ann: LNC to Seek Listing on the Singapore Exchang, page-67

re: Ann: LNC to Seek Listing on the Singapore... Foreigners refer to non-Singaporeans and non-Singapore Permanent Residents (SPR). Foreigners are liable to tax in Singapore on all income accrued in, or derived from Singapore. The extent of your tax liability will depend on your tax residency status.


Non-resident (Less than 183 days)

If you are a non-resident:
You will only be taxed on all income earned in Singapore.
You will not be entitled to tax reliefs.
Your employment income will be taxed at a flat rate of 15% or the progressive resident rates, whichever gives rise to a higher tax amount.
Director's fees will be taxed at the prevailing rate of 20%.
You are required to fill in Form M (Income Tax Return for Non-Residents)
http://www.iras.gov.sg/irasHome/page.aspx?id=11538