SINGAPORE 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 Christmas spirit into the neighbourhood, it invited a popular pianist from Philippines to perform on 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. 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 pianist for the meals during his stay

$450 Amount spent by pianist for the taxi fares from hotel to the shopping mall for performance

$200 Amount spent by 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.