| University | Singapore University of Social Science (SUSS) |
| Subject | ACC213: Introduction to Income Tax |
Question 2
XY Pte Ltd (“XY”) is a property investment company and tax resident in Singapore. It owns and manages a shopping mall in Clementi, Singapore. To bring the Christmas spirit into the neighborhood, it invited a popular pianist from the Philippines to perform in the foyer of the mall for 5 days from December 22 – 26, 2020. The pianist took the opportunity to extend his stay for 2 days to visit friends in Singapore.
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The agreed terms and conditions for the appearance are as follows:
| Engagement duration | December 22 to 26, 2020 (5 days) |
| Appearance fee | $1,500 |
| Performance fee | $8,000 |
| Accommodation allowance | $2,200 |
| Singapore Income Tax (if any), is borne by the pianist | |
At the end of the engagement, XY Pte Ltd presented a crystal piano music box as a souvenir to the pianist. The music box has a market value of $150.
The pianist incurred the following for the engagement in Singapore:
| Hotel accommodation paid by the pianist for his 7 days in Singapore ($320/day) | $2,240 |
| Airfare paid by the pianist | $1,500 |
| Suits tailored specifically for performance purposes | $800 |
| Amount spent by a pianist for the meals during his stay | $450 |
| Amount spent by a pianist for the taxi fares from hotel to the shopping mall for performance | $200 |
| Amount spent by a pianist for the transport to and from airport | $80 |
Required:
Compute the tax liability of the pianist for the engagement using an appropriate format for tax computation and indicating “0” for items stated in the question which do not require tax adjustments or are not taxable.
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