The purpose of this tered is to show the difference in income tax between Singapore and Malaysia

We use /k/ income as an example around RM20k/month. I didn't include the misc deductions as it will be too complicated. So I just give the basic example.



Malaysia
Consider someone earn RM280000 in 2015, taxable income is RM265000 after deduct RM9000 for Individual relief and RM6000 for KWSP.

Refer to
http://www1.malaysiasalary.com/income-tax/...n-malaysia.html

Taxable income RM265000. Total tax payable is RM47900 + 15000 X 0.245 = 51575, or 51575/280000 = 18.42%


Singapore
RM280000/2.8 is SGD100k. Taxable income = 100k - 1k personal relief - 12k CPF = 87k

Based on https://www.iras.gov.sg/irashome/Individual...come-Tax-Rates/

Income tax for 87k taxable income is SGD3350 + 7000 * 0.115 = 4155SGD. Tax rate is 4.155%



Conclusion?

must ask Artus

wa! i didnt know so big difference…

but singapore minum air tahi

All water is air tahi...the fish also shit and piss in the river in Malaysia yo...

if SGD280000 anually?

so low 4+% ???

brb, sending online resumes to SG companies

wadepak? my current tax rate is 3x higher despite total gross annual income is lesser than stinkapork...
malaysia IRB wanna sucks dry our blood worst than a vampire...
third world will forever be third world...

Singapore is world renowned for its low tax rates.

Ehhhh why la share these info with peasant?

Later more and more peasant come sg and rebut kerja la

vodo... no need compare 280000...
87k sgd is only 4% vs 40k myr of 12%...
brainless people is brainless...
stupid macai is stupid maximum...

cukur only 20% msian worker pay income tax

This post has been edited by kamfoo: Jun 29 2015, 11:11 PM

Tax will be a lot higher of course but even more so in Malaysia.

I also peasant in SG a.....

But oops...why I encourage more pendatang come here??? Damn...

singapore is tax heaven for the richest
poor ppl in singkie still have to paid 12-36% of total wages for CPF
GST at 7%

sg very stressful, very boring, singkie company likes to bully msian, cannot rape rob or eat chewing gum, a lot of prc n bangla, car n house exp, drink urine, sucky food.... please stay in msia

x sukak -> keluar


Nearlee

TS compare like that is OK...brilliant...
I compare like this is macai?

considering the average income there is much higher than Malaysia, SGD100k can be considered as low income bracket..
while RM280k in malaysia is high income bracket...

Malaysia GST also 6%, not much different. You can always use your CPF for housing, so its not really an issue there too.

we got RM950 BR1M.......... Singapore don't have ..... so we r better than Singapore !