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Working Life in Singapore, Please Share your value Experience
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jactval
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Jun 28 2008, 10:45 AM
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Getting Started

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I heard that for those who work in Singapore for not exceeding 6 months would be charged a high tax rate by Singapore government, how much is it? If let's say we take an example of $2000 per month of salary and has worked for 5 months, that would be $2000x5=$10000. How about the tax calculation to this amount?
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jactval
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Jun 28 2008, 11:05 AM
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QUOTE(Find The Way @ Jun 28 2008, 10:57 AM) Yes you are right, those who works less than 183 days will have to pay income tax at a higher rate. But I don't think with $10K annual income you will need to pay. You can find out more from www.iras.gov.sg This website is useful. Is the answer get from here? http://www.iras.gov.sg/irasHome/page.aspx?id=1190#residentLike the example above, worked for 5 months is less than 183 days, so the conclusion will be: this is categorized as non-residence thus neither relief nor rebate can be claimed and has to pay at a flat rate of 15%, $10000x15%=$1500 tax payable. Am I right with the above conclusion? Perhaps someone can correct it for me? This post has been edited by jactval: Jun 28 2008, 11:18 AM
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jactval
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Jun 28 2008, 12:02 PM
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Getting Started

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QUOTE(jimmy79 @ Jun 28 2008, 11:48 AM) You are suppose right but you forget one thing. Who those who earn less than 20k per year does not eligible for tax. So your example does not require to pay tax However, QUOTE 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. Based on progressive resident rates, only income more than $20000 p.a has to pay tax. $1500 VS $0... Pick the whichever is higher?
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jactval
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Jul 17 2008, 01:39 PM
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Getting Started

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QUOTE(valjean @ Jul 17 2008, 12:52 PM) So many activities you guys enjoyed there. No wonder you're also one of the fella who refuse to come back M'sia.
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