Tax is imposed on all gains and profits of the employment including all allowances, fees, gratuities, share options, accommodation, motorcars and other perquisites provided.
For tax purposes, accommodation provided by the employer is valued at the lower end of the annual rental value of the property and 10% of the other profits and gains of the employment. This rule is modified in the case of a director.
With effect from YA 2015, IRAS will tax accommodation benefits enjoyed by employees (including director of a company) according to market value.
Non-resident individuals (except for public entertainers and company directors) who exercise employment in Singapore for not more than 60 days during the year are exempt from tax in respect of income from that employment.