CPF OR New Pension Scheme

DKJ (PGT) (25 Points)

10 March 2010

Employers contribution to CPF shoud be added in total income or not.

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1 Replies

Rajat Singhal CA,CS,CFA (Senior Manager (F&A)) (249 Points)
Replied 10 March 2010

Nature		Taxable/ Not taxable
1	Employer's portion relating to employment in Singapore
	a) Compulsory payments under the CPF Act	Not taxable
	b) Voluntary payments, i.e. amount in excess of compulsory contributions to be made by employer	Taxable
2	Contributions made from 1 Jan 2004 relating to employment outside Singapore	Not taxable since the contribution is a foreign-sourced income
3	Contributions relating to director's fees Regards Rajat	Taxable as these are voluntary contributions