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 Working in Singapore V20, All About Living in The Little Red Dot

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WallChecker
post Aug 17 2019, 06:17 PM

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QUOTE(pw8799 @ Aug 17 2019, 06:12 PM)
I heard that if we work for at least 180 ++ days a year in SG , then we only need to pay tax ... If  less than, then no need. The tax rates is 15% of annual income am i right ? Can anyone clarify the tax rate ? Do we need to pay for taxes in Malaysia later ?
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Wrong understanding.
Less than 183 days, tax as non-resident
More than 183 (inclusive) days, tax as tax resident

Pay tax in MY is subjective, i.e. whether u still have taxable income in MY such as business, rental etc. In simpler way, income in SG is taxable in SG, not MY.

Whatever u want to know is in IRAS website:
https://www.iras.gov.sg/IRASHome/Individual...s--Foreigners-/
WallChecker
post Aug 18 2019, 06:29 PM

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QUOTE(pw8799 @ Aug 17 2019, 08:02 PM)
I will be working less than 183 days this year, which means i still have to pay taxes in next years , right ? The tax rates based on this for tax resident ? :hmm:https://www.iras.gov.sg/IRASHome/Individuals/Foreigners/Working-out-your-taxes/Tax-Rates-for-Resident-and-Non-Residents/
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Generally, if u work less than 183 days, and continue on employment (e.g. not leaving SG), IRAS will 'hold-off' your tax deduction to the following year. As such your first year income (less than 183 days) will be included in second year tax. It will be calculated based on yearly income, so u dont have to worry about IRAS counting both period income as one year income. But again, this is 'general' practice, IRAS have discretion to tax exercise.
U can use 'excel' file in the website to estimate your tax.

QUOTE(strategist @ Aug 17 2019, 10:49 PM)
if you work less than 183 days, you will pay tax as "Non-residents" , meaning flat 15% tax rate. That is really painful.

According to the website, you just need to fulfill 183 days across two calendar years. im not sure how to calculate this though
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As above. If the person decides to leave SG and work less than 183 days, full impact 15% tax rate (company will withhold salary and made the payment, remainder will be credited to u).


QUOTE(pw8799 @ Aug 18 2019, 07:24 AM)
The amount will be deducted automatically from our salary or we need to pay it manually ?
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Depends, IRAS will send letter & notification to your mailing and email address. People can choose to pay via GIRO (aka standing instruction) or 'lump-sum' one off.
If GIRO, IRAS will deduct from your bank account over 10 months period (e.g. 1k = 100 x 10 months). IRAS letter to u will inform how much total & installment amount (zero interest for installment). This will continue on sebsequent year, e.g. IRAS will notify u on tax amount and deduction over the period of time. U dont have to 're-do' GIRO part (u need to 'redo' GIRO part again if u choose to change bank to deduct).
If 'lump-sum', then every year to perform 'manual' payment process based on tax amount that IRAS send to u.
Unlike Malaysia, SG doesn't practice PCB/MTD - no direct deduction from salary.

QUOTE(woonsc @ Aug 18 2019, 01:48 PM)
My colleague say manually.
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As above, depends.
WallChecker
post Aug 18 2019, 09:25 PM

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QUOTE(pw8799 @ Aug 18 2019, 07:18 PM)
Thanks for the explanation.... I will be working less than 183 days this yr, the tax imposed will be 15%? The tax will be combined with next yr (2020) income, which means that I only nned to pay the taxes in 2021?
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Nope, u wont be tax flat non-resident tax 15%. I am not tax expert, I assume IRAS will use your 2020 annual income bracket for 2019 taxable income (u can call or email IRAS if u like to know exact answer). And yes, u will start pay tax in 2021 for 2019 (less 183 days) + FY2020 income.
WallChecker
post Aug 25 2019, 04:36 PM

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QUOTE(tiptop3999 @ Aug 25 2019, 04:28 PM)
Hi, all. Just wondering if i become the singapore pr that means i am giving up the malaysian citizenship ?
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no
WallChecker
post Dec 10 2019, 11:58 PM

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QUOTE(strategist @ Dec 10 2019, 05:40 PM)
The 100sgd can be considered the cost to evaluate your profile. The manpower isn't free you know.

If you already know you are not a good fit , and yet you still try to apply for PR. Obviously you are wasting everyone time to check your application right. People needs adequate compensation for their time, and $100 is considered cheap already  biggrin.gif
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Hahah I like this comment very much.
PR for $100 is indeed very very affordable. The benefits of having PR vs. $100 is negligible.
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post Feb 19 2020, 12:41 AM

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QUOTE(peramdupe @ Feb 16 2020, 01:45 AM)
» Click to show Spoiler - click again to hide... «
I will stick to RM15k for many reasons - some of them already shared by others, and many more from previous pages.
If u don't have family (i.e. parents, siblings etc.) and close friends in KL, then come SG.
If u like driving and stay nice and big condo/property, then don't come to SG.
If u like reliable and great public transport, then come SG.
If u like fast internet, safe environment for day-to-day, then come SG.
If u like job security then don't come SG.
If u enjoy food and mamak in KL, then u should consider twice.
Lastly, it is about what u really want - lifestyle vs. money - is it worth? only u can answer that.
The above is personal view based on experience living here.
Peace icon_rolleyes.gif
WallChecker
post May 2 2020, 04:51 PM

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QUOTE(megadisc @ Apr 29 2020, 09:53 AM)
noted thanks for sharing

seeing the fee of 5bucks is a litttle uncomfortable but dire times requires some scarefices ..
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Instarem and SingX rates are usually better (sometime flat) than money changer (based on my experience for past 1+ year). And save time and effort and risk-free.
Recently Instarem rates are better than SingX. I have both accounts for comparison.

This post has been edited by WallChecker: May 2 2020, 04:52 PM
WallChecker
post May 5 2020, 05:44 PM

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QUOTE(ComputerIdiot @ May 4 2020, 06:12 PM)
Anyone here know about the current situation, does circuit breaker period PR allow to go back Malaysia?
I know Singapore side is no problem but the problem is Malaysia every state have limit of numbers each day. So if I'm back from Singapore take bus / plane directly back to KL am I allow to do this anyone can confirm please
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Correct answer here - it depends what your status.
If u are EP or any other work pass holders - once u are out, u cant come back.. until MOM ease immigration restriction. Currently those outside SG on these passes unable return, only essential services get 'entry approval'.
If u are PR, can return SG and get 14 days SHN.

WallChecker
post May 9 2020, 06:38 PM

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QUOTE(ComputerIdiot @ May 7 2020, 08:50 PM)
yes definitely get plan B actually I realize EP and PR got no difference. The good is CPF u will able to withdraw after 50+.

Without PR if you are able to work for sg company under EP SP is just fine. PR benefits r extra money like CPF and medishield (medical insurance mandatory to buy under government). Few hundred a year depend on age group.
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There is ONE big difference, job security not only CPF. Without PR company need to apply work pass and with ICA & MOM restriction over these few years, work passes are being reviewed tightly. Also, CPF comprises of 20% self (capped at 6k) + 17% employer, which can be used to buy property as well. Not to mentioned CPF contribution is non-taxable.


QUOTE(garlicpesto @ May 8 2020, 02:02 PM)
Pretty sure they will but its already in the pipeline. I imagine it should be ok if my PR is approved before my current S Pass expires (in 3 months). However I'm out of luck if PR results only comes out after I left SG.
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Good luck.. Hopefully it get approved within 3 months. Employment letter for verification still needed once its approved as mentioned by another poster above.

WallChecker
post Jun 6 2021, 04:43 PM

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QUOTE(deodorant @ Jun 6 2021, 03:37 PM)
“Pathetic” relative to what? Your own expectation? Cos who knows that is already good for your industry which means you move where also will have the same problem.
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Exactly my thought. Many people didn't get increment and little to no bonus during pandemic time.
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post Sep 15 2021, 10:41 PM

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QUOTE(strategist @ Sep 15 2021, 08:03 PM)
true, so let me put it this way, if no family ties or career consideration. Which would you personally pick, RM7.5k or SGD4k? Considering all the tax ,spending power and earning potential. 

I have lived in SG for a few years too, and somehow I feel SGD4k in SG has less spending power than RM7.5k in MY. am I wrong in feeling that ?
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If no career consideration and political consideration - RM7.5k is better. Lifestyle SGD4k vs. RM7.5k is different.
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post Sep 16 2021, 09:29 PM

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QUOTE(chitchat @ Sep 16 2021, 12:12 PM)
Not really, if u talking about just normal expenses eg. food, rent, etc then yes MY might live comfortable, but if factor other thing that you going spent especially gadget, phone, oversea travel then u will see the different. Buying an iphone working in SG only quarter of your salary, while MY is half of your salary. When come to family oversea travel expenses, if u spend 10K SGD basically can buy an axia or something in MY.
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MY might live comfortable = is not might, is definitely. RM7.5k, can easily own a decent size condo & owned car.
SGD4k = rent room in SG. no personal space 365 days a year. Live as foreigner (not expat) in foreign country.

Yes, u can buy gadget and phone cheaper, but do u buy every month? no.. but owning a house (pay mortgage) and car (that u can drive around from KL to PD to Penang) is very different. Pay mortgage = u owning the house, can sell or rent out later. Pay room in SG, is still renting room, no freedom. SGD4k cannot afford buy house in SG, rent studio also difficult, master room maybe still can but lesser saving.

Big different when u stay 150sqft - 300sqft room vs. owning condo 1100-1200sqft condo in KL with 2-3 bedrooms and living hall.

Not saying SG not good - just purely answering strategist's question.

This post has been edited by WallChecker: Sep 16 2021, 09:30 PM
WallChecker
post Sep 17 2021, 02:20 PM

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QUOTE(chitchat @ Sep 16 2021, 11:39 PM)
If u put it this way then is more up to individual definition of "live comfortable", some prefer owning big car big house have absolutely own private time living in MY spending in MY is comfortable. Other definition, is live comfortable in small house/room but have a lot of more disposable incoming to travel overseas, buy anything they please.

Truth is, SGD4K have more spending power than RM7.5K, it depend on which lifestyle you choose to live. And most come to SG is just not so simply about SGD4K vs RM7.5K. Most see no future in MY for their next generation, especially non-bumi.
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Whichever u like bro, your definition of 'live comfortable' what u think. If anyone that like to rent a room (can't even afford small house) and travel overseas, buy anything they please, sure go ahead. I cannot brain how renting a room vs. owning private condo is better live comfortable - as you like bro.

political consideration aside like what I mentioned earlier, and without considering career progression what the poster said.






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