The Singaporean Inland Revenue Authority Nov. 29 issued updated guidance on tax residence and certificates of residence (CORs) for companies. The updated guidance states: 1) tax residence is determined by the place where the business is controlled and managed; 2) a board of directors meeting that involves the use of virtual meeting technology will generally be regarded as having strategic decisions made in Singapore if at least 50 percent of the directors with the authority to make strategic decisions are physically in Singapore during the meetings, or the chairman of the board of directors, if any, is physically in Singapore …