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Relocating to SG
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apieh23
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Jun 20 2024, 07:20 AM
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Getting Started

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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
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apieh23
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Jun 20 2024, 10:28 AM
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Getting Started

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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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