Expat & Relocation Lawyers in Singapore| Tax & Employment Law Firm

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Did you know that foreigners who cease employment in Singapore, or Singapore Permanent Residents who leave Singapore permanently with unexercised or unvested stock options (at the time of cessation of their employment) will be subject to tax on such options on a “deemed exercise” basis? The deemed gains will be based on the difference between the market value of the shares one month before the employee ceases employment in Singapore or the date of grant (whichever is later), and the exercise price. If the actual gains from the subsequent exercise or vesting of the stock options are lower than the “deemed exercise” gains, the employee can seek a refund within 4 years from that year of assessment.

Expat Lawyers in Singapore - Relocation, Tax & Employment

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