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Anonymous

02 May 2020

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General Investing

Do you have to pay taxes for offshore fund transfers to Singapore?

Do I have to pay taxes in Singapore if I receive funds from my personal overseas account to DBS account?. I'm a workpass holder planning to invest using my funds available in offshore accounts. Appreciate community's feedback.

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YT

02 May 2020

" Generally, overseas income received in Singapore by an individual is not taxable and need not be declared in his/her Income Tax Return. This includes overseas income paid into a Singapore bank account. "

https://www.iras.gov.sg/IRASHome/Individuals/Lo...

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