632
 

Hi,
I came to singapore on 12th November, and my monthly salary is S$5500...there is no other allowance from the company..my entire salary is quoted as Basic, how much should I have to pay for this year and how much it will be for the next year. please advise me on the same..I am confused by many collegues...

635
 

Omar, yes, you have to pay tax for your company, as well as income tax for your personal income.
Advisory: I'm not a tax expert. Always consult with the relevant experts / authorities.

636
 

Suresh, for "Year of Assessment 2008" (YA2008), your income for 2007 will be taken into account. Since it's not much, I don't think you'll have to pay any tax in 2008.
But in YA2009, your entire 2008 income will be taken into account - $5,500 x 12 (assuming no other income) - and you'll be taxed on that. So you'll be paying taxes in 2009.
Advisory: Always check with the relevant authorities on tax matters.

827
 

Hi,

I got a job with sg $81,000 PER Annum. i am going to stay as a bachelor in singapore and i am from india, So how much Tax i want to pay for a year ?

Shiva

850
 

Hi Admin,

From July 12th to till date i'm working in singapore.

My total earned salary from July 12th to Dec 31st is around S$ 25,000. Its less than 183 days.

Could you please tell me how much tax i need to pay for this.

Thanks in advance.

Cheers,

Mukesh Kanna .J

858
 

Mukesh,
The YA2007 tax rate for non-residents is 15% for employment income and 20% for other income.
Please contact IRAS or a tax consultant to be sure.

For definition of "tax resident", see:
http://www.iras.gov.sg/irasHome/page03.aspx?id=6140

Comparison of tax resident and non-resident:
http://www.iras.gov.sg/irasHome/page03.aspx?id=6142

889
 

I arrived in Singapore 19th June and I've been employed in Singapore apart from 24 days out of Singapore, giving me a total of 172 days for year ending 2007.What is the situation for paying tax here as I'm less than 183 days in the country.

893
 

A. White, are you aware of the 2-year concession? If you are here for 183 days straddling 2 years, you can be taxed as a resident. I believe it's better to be taxed as a resident in many cases.
See this for details:
http://www.iras.gov.sg/irasHome/page03.aspx?id=6140
Comparison of tax resident and non-resident:
http://www.iras.gov.sg/irasHome/page03.aspx?id=6142
As always, contact IRAS or a tax consultant to be sure.

894
 

Hi, I have monthly transport allowance as part of my basic package and I've been taxed for the allowance part as well though I spend lots of money as taxi expense for both office travel as well as to support client as I don't have a car. I am not sure how to claim tax concession for this expense. In addition, I spent lots of money as client and team entertainment to keep my team floating. My company policies says only 10 dollars per quarter is claimable. Can you advice how to claim tax relief for this as well. Both taxi and entertainment doesn't come with proper bills always (like sea food center - 100/200 a week), which makes it even more difficult. Please advice.Thanks in advance.

913
 

I have been offered a job in a Singapore registered company, having operating office outside singapore at US$132,000 per annum. I will be non resident as I will be in the operating office. Kindly advise

a) what should be my salary structure to pay minimum taxes
b) What are the relief I may get and under what scheme as non resident
c) May tentative total tax payment and the rate of such tax.
d)Will my employer will deduct TDS, if yes at waht rate?

Thanking you in anticipation of your reply.