Singapore: Employer-provided accommodation | KPMG | GLOBAL
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Singapore: Employer-provided accommodation, proposed tax treatment change

Singapore: Employer-provided accommodation

A proposed change to the tax treatment of employer-provided accommodation would require an employer to use the actual amount of rent paid as the default basis for reporting the taxable value (instead of the “annual value” of the property). The annual value is the estimated rent that a property may yield.

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The proposal would provide that when no rent is paid (for instance, the property is owned by the employer), the annual value would still be used. If the proposal is adopted, it would be effective from the year of assessment 2020 for accommodation provided during the calendar year 2019.

 

Read a July 2018 report [PDF 266 KB] prepared by the KPMG member firm in Singapore

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