Removal of Home Leave Passage Concession for Expatriate Employees

March 31, 2016

This tax change was  announced by the Minister for Finance, Mr. Heng Swee Keat, in his Budget Statement for the Financial Year 2016.


Currently, only 20% of the cost of home leave passage for expatriate employees is taxable. This concession will be removed with effect from YA 2018. Thus, the cost of such trips will be taxed in full in future. 


For companies, this will affect the total package for expatriate employees as the provision for home leave is usually packaged as part of the assignment benefit. The removal of this concession will consequently increase the cost to these companies if the terms remained unchanged. 



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