Quote:
Originally Posted by Unregistered
Can I open a pte ltd instead to receive the locum fees?
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Wtf. U didn't read news. U open a pte Ltd to receive locum monies is freaking tax avoidance. This is so 2015.
So how anaesthetic and go do is based on the fact
Company tax lower than personal tax.
So in the past got lots of anaes and locum gp open pte Ltd.
All the professional fees go there. And company pay corporate tax rate
In turn, the pte Ltd pay anaesthetic and go $1 salary so personal tax is zero
However the pte Ltd give out 400k as dividends.
Dividends cannot attract personal tax
End up iras discover and made this ppl cough put the tax difference.
Smc issued guidance as well