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

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deodorant
post May 29 2017, 10:41 PM

Surfing LYN instead of Working.
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QUOTE(hvac @ May 29 2017, 09:25 PM)
- as i understand residential address need to change. and if i put in JB address, tax will consider non tax resident.

You think IRAS will give you such a huge loophole, stay in JB no need to pay SG tax? doh.gif
Residency (physical address) and Tax Residency are two separate concepts. Go look up how IRAS defines tax residency.
IwanAGP
post May 29 2017, 11:03 PM

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QUOTE(deodorant @ May 29 2017, 10:41 PM)
You think IRAS will give you such a huge loophole, stay in JB no need to pay SG tax? doh.gif
Residency (physical address) and Tax Residency are two separate concepts. Go look up how IRAS defines tax residency.
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Non-resident rate is higher la bro.

He's just asking if put JB address but work in SG, they qualify as tax resident or non-resident. Non-resident rate is much higher. Like 20% iinm.
deodorant
post May 29 2017, 11:13 PM

Surfing LYN instead of Working.
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QUOTE(IwanAGP @ May 29 2017, 11:03 PM)
Non-resident rate is higher la bro.
He's just asking if put JB address but work in SG, they qualify as tax resident or non-resident. Non-resident rate is much higher. Like 20% iinm.

lol you're totally right, kemaluan aku sangat besar. Those people I know who stay in JB I think they all borrow a friend or relative's singapore address, but I could be wrong.

This post has been edited by deodorant: May 30 2017, 10:07 AM
heyamazingpeople
post May 30 2017, 12:03 AM

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QUOTE(commtrader @ May 29 2017, 08:06 PM)
Hi Sir

Depend on your risk appetite, return can range from 5-9% annually

Can buy thru major brokerage firm in Sg, let me know if you need more info.
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QUOTE(Properlog @ May 29 2017, 10:06 PM)
Hi Bro...Yes, I am interest on this. Do u mean trading broker?So we have to open an trading acc and SGX too? Any negative return happen in REIT so far?
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Commtrader,
U work as a broker?
commtrader
post May 30 2017, 08:35 AM

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QUOTE(heyamazingpeople @ May 30 2017, 12:03 AM)
Commtrader,
U work as a broker?
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Nope i am not a broker.
I work in financial trade industry, know many wholesale and retail brokers in Sg
chanti-sama
post May 30 2017, 08:44 AM

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QUOTE(deodorant @ May 29 2017, 11:13 PM)
lol you're totally right, kemaluan aku sangat besar. Those people I know who stay in JB I think they all borrow a friend or relative's singapore address, but I could be wrong. Summoning Lester1987 chanti-sama reign226 to clarify.
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Not sure. I live in singapore.
ooshaolinoo
post May 30 2017, 09:04 AM

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QUOTE(hvac @ May 29 2017, 09:25 PM)
Hi guys,

I have few questions about IRAS tax:

- 2013 to 2015 - i've started working in SG and staying in SG.
- 2016  i moved to JB and commuting to SG in and out every weekday.
- as i understand residential address need to change. and if i put in JB address, tax will consider non tax resident.

1. did other people usually put in SG address in IRAS tax, but they stay in JB?
2. Can i put in my last rental address in SG, is this wrong?

Hopefully everybody can give input.

Thank you.
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As long as you still work in Singapore for 183 days or more in a year, you will be treated as Tax resident.
KilJim
post May 30 2017, 09:55 AM

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QUOTE(Properlog @ May 29 2017, 07:50 PM)
Hi commtrader,how much is the average return for reit?5%?How to buy REIT yup?Have to open an trading account?Thanks in advance.
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QUOTE(commtrader @ May 29 2017, 08:06 PM)
Hi Sir

Depend on your risk appetite, return can range from 5-9% annually

Can buy thru major brokerage firm in Sg, let me know if you need more info.
*
Might be better for you guys to take the discussion here https://forum.lowyat.net/topic/2504121/+5020
Properlog
post May 30 2017, 11:30 AM

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QUOTE(KilJim @ May 30 2017, 09:55 AM)
Might be better for you guys to take the discussion here https://forum.lowyat.net/topic/2504121/+5020
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Okay...thanks for the link.
justified
post May 30 2017, 04:22 PM

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received IPA rclxms.gif

This post has been edited by justified: May 31 2017, 09:42 PM
ThanatosSwiftfire
post May 31 2017, 09:28 AM

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Credit card really aggressive these days. Cold calling for promotion.
whereis the love
post May 31 2017, 11:48 AM

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anybody here want go back to SG from Melaka on 11th June? Please pm if interested. Got 4 seat available...
justified
post May 31 2017, 09:45 PM

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couple questions...

can i actually start work once i get IPA ? can i open bank account with just IPA as well ? also, how long to wait for the medical result (HIV and x ray chest) to obtain EP pass ?
Thunderbolt8
post Jun 1 2017, 08:59 AM

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Any here bought your own medical insurance while working at Sg?
IwanAGP
post Jun 1 2017, 09:47 AM

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QUOTE(justified @ May 31 2017, 09:45 PM)
couple questions...

can i actually start work once i get IPA ? can i open bank account with just IPA as well ? also, how long to wait for the medical result (HIV and x ray chest) to obtain EP pass ?
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Can. Depends on bank. Depends on which clinic you go, some within hours, some 1-2days some 1 week.
XiuKeong
post Jun 1 2017, 10:06 AM

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QUOTE(ThanatosSwiftfire @ May 31 2017, 09:28 AM)
Credit card really aggressive these days. Cold calling for promotion.
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While I just f*cked them on the phone for asking me to provide additional documents when already submitted during the online registration stage.
ThanatosSwiftfire
post Jun 1 2017, 10:54 AM

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QUOTE(XiuKeong @ Jun 1 2017, 10:06 AM)
While I just f*cked them on the phone for asking me to provide additional documents when already submitted during the online registration stage.
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My amex application quite annoying. The lady ask me give even more details when i already gave her a copy of my NOA.

In the end i didnt give, but somehow two weeks later i still got the card.
FantasyReds
post Jun 1 2017, 12:00 PM

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QUOTE(justified @ May 30 2017, 04:22 PM)
received IPA  rclxms.gif
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Hi, may I know how long did it take from dropping application to obtaining IPA?
bearbear
post Jun 1 2017, 12:08 PM

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QUOTE(Properlog @ May 29 2017, 07:50 PM)
Hi commtrader,how much is the average return for reit?5%?How to buy REIT yup?Have to open an trading account?Thanks in advance.
*
Choose a broker and open account lo, all major banks has this service but read up their service charges for buying and selling. You will then need a CDP account before you can trade. No cost before you start buying or selling.

Singapore REIT return range from 5% to 9% per annum, of course not guarantee and you better keep an eye on news and their performance.

join us here

https://forum.lowyat.net/topic/2504121/+5060

alternatively can buy Singapore Saving Bond, currently 2+ % per annum with a 10 years bond (Issued by Singapore Gov)

http://www.sgs.gov.sg/savingsbonds.aspx

low rate (1%+) at the start then every year the rate increase but you can withdraw anytime without penalty. IMHO better than FD if you foresee you wont touch your money for years.

This post has been edited by bearbear: Jun 1 2017, 12:11 PM
Properlog
post Jun 1 2017, 12:56 PM

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QUOTE(bearbear @ Jun 1 2017, 12:08 PM)
Choose a broker and open account lo, all major banks has this service but read up their service charges for buying and selling. You will then need a CDP account before you can trade. No cost before you start buying or selling.

Singapore REIT return range from 5% to 9% per annum, of course not guarantee and you better keep an eye on news and their performance.

join us here

https://forum.lowyat.net/topic/2504121/+5060

alternatively can buy Singapore Saving Bond, currently 2+ % per annum with a 10 years bond (Issued by Singapore Gov)

http://www.sgs.gov.sg/savingsbonds.aspx

low rate (1%+) at the start then every year the rate increase  but you can withdraw anytime without penalty. IMHO better than FD if you foresee you wont touch your money for years.
*
Thanks Bro...will post there if have any question👍

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