The Inland Revenue Authority of Singapore (IRAS) has published updated guidance on the tax residence status of companies and permanent establishments in light of the COVID-19 pandemic. --- Tax Residence Status of a Company and Permanent Establishment Tax Residence Status of a Company* Where a company is not able to hold its Board of Directors meeting in Singapore due to the travel restrictions relating to COVID-19, IRAS is prepared to consider the company as a Singapore tax resident for Year of Assessment (YA) 2021, provided it meets all the following conditions: a. the company is a Singapore tax resident for...