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 Relocating to SG

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apieh23
post Jun 20 2024, 07:20 AM

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Ur ex employer supposed to send CP22A ( borang pemberitahuan berhenti kerja) then LHDN will kira all the tax u owe then/ they owe u and settle with u

Btw congrats. IRAS only come next year for u🤣

This post has been edited by apieh23: Jun 20 2024, 07:21 AM
apieh23
post Jun 20 2024, 10:28 AM

Getting Started
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Junior Member
148 posts

Joined: Oct 2009


QUOTE(hksgmy @ Jun 20 2024, 09:18 AM)
Depending on the job's salary and structure, the actual tax payable in Singapore is surprisingly low!

For instance, I pay myself a fair remuneration package consistent and pegged to what a consultant specialist doctor with the same seniority would draw from the public sector, and the rest gets funneled into my company, which pays 17% in taxes (after a $100,000 tax free protection), and I get back the rest in tax-free dividends.
*
Income tax here is relatively low, as SG gomen have multiple other income stream. Mainly taxed on consumption side, e.g GST, fuel tax, COE etc etc

 

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