I am a Singapore resident near an offshore bvi company. Income from my BVI company is this taxable?

I hold a Singapore Company and a BVI Company. The services that I pass out surrounded by Japan are taken up within BVI company. But Singapore company signs the contract beside my Japanese customers as agent for my BVI company. Will near be excise payable on the income from Japan to be exact salaried to my BVI company? I construe this is offshore services so should be tax-free?

Answers:
Your request for information is too complex beside serious ramification to trust an answer here. In view a BVI company doing business outside of Singapore is not excise liable. However by signing the contract in Singapore you might own created a liability. Another cross-examine IRAS would ask is what is the remuneration of the BVI's Singapore Agent and what funds hold be remitted to Singapore.

You really should contact a right Company secretary/accounting firm preferable near International exposure.


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