Paying $7K+ every month on my employment income, and this is after all the tax deductions that I can think of (
CPF top up, child relief, maid levy relief, parent relief, even donations to IPC etc). No taxable passive income, only unrealized gains (and losses) from fund holdings.
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Originally Posted by Unregistered_101
No one really asked but that's a damn good question, currently I pay about 24k pa on my taxable income split between salary, rental & investment company (rental income revenue). I discussed approaches with my accountant on how to vary the income allocation for the company but because its a partnership didn't make too much difference. In short our tax laws here are very efficient hard to find loophole (legal ones)
My overseas properties have to declare tax also to the local govt (so called 1st world nations), 30 - 40% on rental income. The only way is to consider property investment in 3rd world nation with laxer tax laws but you be expose fx or worse issues.
I get dividends from my pte ltd firms which declare Tier 1 system (tax exempt), but this has to depend on the nature of the business your vested in. Property derived is not permitted Tier 1 I believe. Not too familiar with the working of this so seek proper advise if you consider this route.
Btw don't try to be funny with IRAS, I was invited to lim kopi with their senior tax on some GST claims I can I tell you their system have records of almost everything you have in Singapore.
I got a tax reduction this year cause I just had a kid, that's a legal loophole if you want to consider 
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