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> Income tax Malaysia vs Singapore, Latest rates

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runemastertan
post 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%  shocking.gif

Singapore GST = 7% in SGD  sweat.gif
61k can buy you new car in cash  thumbup.gif
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Aiyo, you are calculating dollar to dollar, then don;t use convert SGD back to MYR and compare lar

runemastertan
post 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.  brows.gif
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Sure or not?

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