no...if u earn less than 20k...u don have to pay tax...i think min income is 20k to get taxed....

sg goverment will even give u a msg "Thank you for your nation building"

Thats for residents woh. Non-resident still kena..coz i earn less than 20k and becoz i worked less than 183day, i kena taxed 15%. (12k to be exact) Unless u work less than 2 mths, then u wont be taxed. But if u work more than 2 mths and less than 183days, then u ll kena.

Did they recently changed the rule?

just checked in the http://www.iras.gov.sg, and this is what i have got;

If You are Here for 61 Days to 182 Days in a Year
You will be regarded as a non-resident. The number of days in Singapore include weekends and public holidays.

As a non-resident:

You will only be taxed on all income earned in Singapore.
You will not be entitled to tax reliefs.
Your employment income will be taxed at a flat rate of 15% or the progressive resident rates depending on which results in a higher tax.




This post has been edited by mIssfROGY: Jun 28 2008, 11:15 PM

@mIssfROGY

So Miss Froggy, let say i stay in S'pore for a month and worked for 9 days then quit and wait for new Job offer.

Let say, starting from monday (30/6/08 onwards) till end of December + 9 days i had work previously do i entitle for 15% tax?

or can I add the period i stay at S'pore starting from 1month + 30/6/09~31/12/08?

CPF money isn't use for anything else by the Gov except recently when the rules changed. Not sure it apply to Malaysian. For Singaporeans who have enough for the $60K cap, the money is being locked up for higher interest rate bag to SG Gov bond interest which is so call ~1% higher pay out than current CPF interest rate. Reason given, from survey findings, there are still not many people saving enough for old age although the awareness level has gone up but not much in action. This is where SG Gov is trying to stretch the $ in CPF with higher payout in interest but that means money lock into such holding, not fluid.

Do me its depends on how you look at it, I would rather invest my own CPF money than let CPF board decide for me. I think I can get better returns, but again, for many who don't do anything... that's the reason why the SG Gov is trying to do by gaining more "for its people". I understand in time past, Gov has urge many to invest their CPF, but many don't and for those who did, over a certain period of time, results tabluated over the past years shown that most are better off despite the low interest rate of 2.5% in OA due to losses made in investment.

Anyway, one thing for sure, interest from CPF are given by profit made by SG Gov in its investment and then pump into paying your CPF interest rate, your CPF $$ are not being used to invest in any Gov link companies investment. Only your can authorise its usage. This I am certain because I am monitoring my own investment using CPF regularly besides using it for HDB, which I had already fully paid for over 15yrs.

This post has been edited by bbmars: Jun 29 2008, 12:34 AM

i am not sure..but i think can add kua. If u add to more than 183days in a year i think u r taxed the resident rates. Not sure about this scenario, better ask sg incometax.

how much money we want to prepare before go work at SG?

for the first month:
first month rent(500) + one month deposit(500) + agent fee(250) = 1250
eat = 350
transport = 100
open bank account = 500 (actually it's 1000 but can withdraw it on next day, $2 will be charged if monthly saving is less than 500)

total = s$2200
2200 x 2.4 = RM5280

can be less if you want to rent a share room.

This post has been edited by sukhoi37: Jun 29 2008, 06:19 PM

I'd replied on page 98 though This is a breakdown on my expenditure for the 1st month in Singapore. By the way, just open a Citibank account will do; you don't have to pay deposit at all.

Wah

Open A New Bank A/C Also Need 500SGD

Nope, SGD500 is for PR.
For non-PR, you need SGD1000 to open bank account.
This is for UOB, not sure about others.

POSB is $500 to open new account..

HI, ALL

may i know can i rent a room for only 200 to 300 (S$) now in singapore ?

difficult ?

where is the place ?

did u all know where is aljunied road ?

thanks .....

dont think u can find a room at $200. Its already difficult to find $250. Go seach the net la. You will find more info. Your work place near aljunied?

Open bank account i tot u just need company letter oredi no need to pay deposit? DUnnola...last time i open no need deposit woh...just gib bank my company letter. I think i just open with SGD20.

wah, even SGD400 per room is quite hard to find nowadays; unless you're talking about sharing room with strangers then perhaps SGD200 is possible.

POSB and DBS need 500 other banks min 1k to open acc.
a room min u'll need to spend 400-500

i also was taxed 15% when i changed jobs less then 183 days taxed me 1.3k till now cant get it back my frens who was taxed got it back already haiz

YA, WILL WORKING AT ALJUNIED . may i know wan to search what website so can find empty room in singapore. pls help.

hi ahkun,

for the room price, average price at 550~750 at least for a common room. ( not sharing)

Is u still at M'sia probably u need to seek for agent where u have to pay agent fees depends on the rate for each common room.

Yup POSB and DBS only require S$500 without any offer letter, u just need your S/E pass + Passport + Malaysia IC to open an account.

Basically for the first month everything will cost u alot where mostly u have to change all your hard earn savings into Sing dollars where the rate is getting stronger day by day.

Above mentioned expenses are really true where u need at least rm5k to survive for the first month and rest u got to get a job there to secure your second and third month rest.

Mrt yes it would be S$100 for me as well, if u stay nearer to city the rooms will be super exp. (S$750-S$900 thiong bahru~ Bugis). an estimation.

nevertheless, do have some funds with u just incase for rainy days in Singapore where u dont like the job and u quit.

p/s: gosh the queue was sooo long at Woodlands just now my journey took me 7 hours from KL -> S'pore faint!

you can try flatsdb.com or just type singapore hdb rental...should have a few websites for you....

---

Added on June 29, 2008, 6:18 pmany idea how to get back the cpf for west malaysians?...or die die must wait till 55 years old?...

This post has been edited by plplpl: Jun 29 2008, 06:18 PM

here you go.
http://singapore.roomsdb.net/