for my resolutions, i'm on a roll with my monthly instagram worthy posts,
but i've feeling terribly boggled by foreign tax credit for the past couple of days.
after figuring it out (on my own- hey gimme some credit), i think i can come out with a better set of conclusions.

so, summary:

• generally compute based on gross basis unless company is in loss position
• pooling only applies if the foreign country's headline tax rate is at least 15%
• else do it seperately
• compare between 1. foreign tax paid and 2. singapore tax to be paid on the amount of foreign income
• of which the formula for 2. goes: foreign income / total taxable income from all sources x tax payable (before rebate)

there. here's my celebratory post. idk what this blog is becoming even. pardon, it'll past. the next thing i'll be blogging about would probably another game guide, mood boards, a cryptic post or something out of the world random, like this one. till next time :)