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/
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
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 ?
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.
As above, depends.