The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Tax Exemption for Foreign-Sourced Income (Fourth Edition). The e-Tax Guide provides details on the tax exemption for certain foreign-sourced income from 1 June 2003 under the foreign-sourced income exemption (FSIE) scheme, which applies to all Singapore tax resident persons receiving foreign-sourced income in Singapore. Under the FSIE scheme, foreign-sourced dividends, foreign branch profits, and foreign-sourced service income received by specified resident taxpayers from 1 June 2003 are exempt from tax if the following qualifying conditions are met: "Subject to tax" condition; "Foreign headline tax rate of at...