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Income tax Malaysia vs Singapore, Latest rates
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ar188
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 Jun 29 2015, 11:52 PM
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QUOTE(eXTaTine @ Jun 29 2015, 10:55 PM) 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.htmlTaxable 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? inb4 sg need rm 10mil to buy DSL..  |
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SUSYellowKingValley
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Jun 29 2015, 11:52 PM
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QUOTE(nearlee @ Jun 29 2015, 11:48 PM) bodosupra pantang dengan sg
sikit sikit paranoid
kek
Nearlee
Mungkin letih lihat orang buat perbandingan bodoh. |
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SUSgrinders
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Jun 29 2015, 11:56 PM
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Getting Started
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QUOTE(ed1torz @ Jun 29 2015, 11:50 PM) tldr conclusion, siapa menang? Brunei menang because no income tax charge to individual  |
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ectt
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Jun 29 2015, 11:56 PM
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QUOTE(eXTaTine @ Jun 29 2015, 10:55 PM) 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.htmlTaxable 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? conclusion: we contribute to our country more than sinkies, and we are mot patriotic than sinkies in money sense. we love malaysia  |
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TSeXTaTine
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Jun 29 2015, 11:57 PM
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QUOTE(ar188 @ Jun 29 2015, 11:52 PM) inb4 sg need rm 10mil to buy DSL.. RM6 million will do  |
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ThanatosSwiftfire
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Jun 30 2015, 12:02 AM
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Heh. Convert to citizen and buy house ba. Financially logical right? I mean.. u pay taxes to msia govt for what. All masuk pocket saja. Pigi la singapura dan menyokong kemajuan negara singapore. Jadilah rakyat singapore. Anda pasti bergembira  kan? |
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SUSYellowKingValley
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Jun 30 2015, 12:13 AM
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Jun 30 2015, 12:24 AM
This post has been deleted by eXTaTine because: Because I can
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SUSekcit
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Jun 30 2015, 12:15 AM
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Getting Started
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QUOTE(this issit! @ Jun 29 2015, 10:58 PM) but singapore minum air tahi u got it wrong with MY |
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ThanatosSwiftfire
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Jun 30 2015, 12:15 AM
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QUOTE(YellowKingValley @ Jun 30 2015, 12:13 AM) Must be one of the guys who works in SG, can't make it to AU/EU/US so yearns to return to MY. Huh apa makna? U mean me or op? |
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SUSHuman10
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Jun 30 2015, 12:15 AM
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But their GST higher oh?
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SUSYellowKingValley
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Jun 30 2015, 12:22 AM
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Jun 30 2015, 12:25 AM
This post has been deleted by eXTaTine because: Because I can.
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SUSthis issit!
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Jun 30 2015, 12:23 AM
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Getting Started
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QUOTE(ekcit @ Jun 30 2015, 12:15 AM) nuwater tu apa? air tahi aku, aku makan kacang, aku berak, org singapore airnya crunchy. |
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zack85
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Jun 30 2015, 12:26 AM
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New Member
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U go dubai no income tax yo!
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xtylish
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Jun 30 2015, 12:37 AM
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QUOTE(MechaLEE @ Jun 29 2015, 11:19 PM) we got RM950 BR1M.......... Singapore don't have ..... so we r better than Singapore ! sg got better br1m for everybody, for young students to old pipu. |
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kcchong2000
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Jun 30 2015, 12:42 AM
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Getting Started
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QUOTE(kelvinlym @ Jun 29 2015, 11:04 PM) Singapore is world renowned for its low tax rates. And it is FINE city. Pun intended |
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sedakabe
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Jun 30 2015, 01:14 AM
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New Member
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cukkuuurr
coz i can
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jAkUn
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Jun 30 2015, 01:16 AM
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QUOTE(ed1torz @ Jun 29 2015, 11:50 PM) tldr conclusion, siapa menang? Malaysia, salary below 5k = 0% income tax yo. for 2015.  |
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runemastertan
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Jun 30 2015, 02:05 AM
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QUOTE(grinders @ Jun 29 2015, 11:46 PM) Anyway Roughly income tax for SGD280k annualy would be around SGD 42k Which translate of 42k * 2.8 =112000 RM 112k annually income tax. Malaysia RM280k would roughly around 51k 112k - 51k = RM 61000 Difference 61k or 46%  Singapore GST = 7% in SGD 61k can buy you new car in cash Aiyo, you are calculating dollar to dollar, then don;t use convert SGD back to MYR and compare lar |
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runemastertan
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Jun 30 2015, 02:06 AM
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QUOTE(jAkUn @ Jun 30 2015, 01:16 AM) Malaysia, salary below 5k = 0% income tax yo. for 2015. Sure or not? |
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herojack41
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Jun 30 2015, 02:11 AM
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Cannot compare la....we got 1mdb...sg habuk pun tarak
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