Self-Employed in SG by Overseas Entity - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Self-Employed in SG by Overseas Entity

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 01-07-2020, 12:29 PM
Verified Member
 
Join Date: Mar 2014
Posts: 16
kelvinchua is on a distinguished road
Default Self-Employed in SG by Overseas Entity

Hi all,

Seeking for some advice here as it's the first time I'll become a self-employed status - if you are self-employed appreciate your help!

Background:An Australian company is trying to hire me as first person in Singapore (they do not have an entity in Singapore yet), and the plan is to bring in business first and subsequently setup an entity here.

Therefore, they can only offer me a "contractor" agreement and will not be paying Employer CPF.

Have checked with an employment lawyer - I am definitely considered self-employed and can only seek legal resolution in Australia in the event if they default on salary etc.

Annual salary: 120K

Questions:
  1. What are my CPF implications aside from compulsory Medisave? I understand I can make voluntary OA/SA contributions monthly
  2. What are my income tax implications? I understand I have to declare my income on an annual basis?
  3. Any other implications as a self-employed?

Reply With Quote
  #2 (permalink)  
Old 01-07-2020, 02:32 PM
Unregistered
Guest
 
Posts: n/a
Default

I understand you probably did not want to ask these questions to an employment lawyer (even though you really should) to avoid paying fees outside the initial consult, but in all frankness you really should as this is very legally vulnerable position you will be in.

Reply With Quote
  #3 (permalink)  
Old 03-07-2020, 11:41 AM
Verified Member
 
Join Date: Mar 2014
Posts: 16
kelvinchua is on a distinguished road
Default

anyone can advise?

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
transport as percentage of income for Self-employed lost Income and Jobs 1 27-11-2019 08:48 PM
opportunity overseas overtherainbow Income and Jobs 44 04-12-2015 05:26 PM
Local uni or overseas uni weiwei Education and Personal Growth 2 27-11-2015 12:12 PM
Finding a new job while currently employed... cheong88 Income and Jobs 1 20-10-2013 01:44 PM
declaring income for self employed darialim Income and Jobs 0 28-04-2013 11:35 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
8,095 Replies, 2,719,383 Views
Compare civil service salary ( 1 2 3... Last Page)
10,301 Replies, 5,657,195 Views
Citibank Technology Analyst Program
6 Replies, 3,718 Views
need some info on CNB ( 1 2)
15 Replies, 1,068 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,818 Replies, 281,236 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,270 Replies, 998,613 Views
How much do you need to retire...
5 Replies, 186 Views
Retiring in Taiwan
0 Replies, 46 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,343 Replies, 1,931,510 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,938 Replies, 1,099,441 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,946 Replies, 3,753,528 Views
Career as Teacher ( 1 2 3... Last Page)
2,720 Replies, 1,639,800 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
101 Replies, 32,749 Views
High Finance Thread ( 1 2 3... Last Page)
99 Replies, 17,879 Views
Ntu sociology degree ( 1 2 3... Last Page)
55 Replies, 47,367 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
603 Replies, 461,303 Views
Whats your net worth ( 1 2 3... Last Page)
2,740 Replies, 804,752 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,116 Replies, 510,208 Views
Getting funded for university
0 Replies, 77 Views
Unilever UFLP 2018 ( 1 2 3)
23 Replies, 7,821 Views
I need honest advice. Jump to... ( 1 2)
17 Replies, 1,843 Views
Advice for "Research Coordinator"...
7 Replies, 4,638 Views
is it crazy to give up a 100k P.A... ( 1 2 3)
29 Replies, 26,138 Views
Corporate Banking Analyst
3 Replies, 412 Views
Anyone working in NTU... ( 1 2 3... Last Page)
97 Replies, 94,714 Views
ST Electronics ( 1 2 3... Last Page)
721 Replies, 219,658 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,650 Replies, 789,677 Views
Submitting My Resume To ST... ( 1 2 3)
24 Replies, 22,997 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,385 Replies, 569,905 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
148 Replies, 29,527 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:49 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2