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Working in Singapore V19, All About Living in The Little Red Dot
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malz89
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 Jul 1 2016, 02:55 PM
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Hi guys,
Need some help here on the taxing part. I've been working for 4 months now, decided to quit, and currently hunting a job. However, I'll be discharged earlier due to some issues (on August).
So, how does the taxing work? Would I still be charged 15%, if I were to be employed perhaps on September/October. Literally, I am not leaving SG but I'll be having a month or two of unemployment.
Could someone clarify this for me? Thanks
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malz89
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Jul 1 2016, 03:09 PM
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QUOTE(knwong @ Jul 1 2016, 03:00 PM) Yes 15%, your HR will deduct and pay IRAS before they release you So, basically IRAS will be taking 15% of my salary. I cant reclaim it right although I am employed later on? Arg, suck to be in Singapore, getting a job that doesn't really suit me. |
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malz89
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Jul 1 2016, 03:52 PM
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QUOTE(knwong @ Jul 1 2016, 03:18 PM) Yes you can, once you get a new job and when you are about to pay for next assessment year, IRAS will reassess your tax deduction. Complicated stuff but every got to pay tax Oh cool, so somehow I would be reimbursed right? But I still have to pay my 15% tax in advance. |
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malz89
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Jul 1 2016, 04:00 PM
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QUOTE(Ultimaweapon @ Jul 1 2016, 03:56 PM) I think that will be true if you have worked for more than 183 days for the assessment year. If not, you'll still be charged with 15% tax. Yeah I would say so too. I am worried that I may have a non-working period for a month or two, due to some grant issues. 15% tax is alot IMO, for poorfag like me. |
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malz89
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Jul 1 2016, 04:04 PM
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QUOTE(madmoz @ Jul 1 2016, 04:01 PM) 'percentages' are equal opportunity bastards lo. Hurts no matter how much one earns. Oh well QFT, unless you have no qualms about money. Hahahaha |
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