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Sorry man. Be dr is basically like they control your life liao. If you didnt know now you know. |
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the hospital work is too slack liao. |
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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 |
Can I ask a genuine question regarding tax for locums. I have just joined the locum gp land few months back.
Some of the clinics that I locum in pay via Cash (usually the small family clinics in the neighborhood unlike the large chain groups) - when I mean cash, I also include those that pay via bank transfer like paynow at the end of the shift. (I e the clinic owner/anchor just paynow me my pay at the end of the shift) Do I need to declare these cash payments for tax? Given that this is a bank transfer between 2 parties with no cpf involved, how does iras track it? |
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Will say pay to who and who, on which day. The clinic owner also has ur mcr number. If the amt is significant, ie u locum there regularly I would highly advise u to declare Tax evasion is a crime, moonlighting is not. Giving fake vaccine is a crime, not offering vaccine at ur clinic is Not. |
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assuming average 100 per hour u locum half ur waking hour every day u make 440k max reality u probably earn about 150 to 180k u locum big chain report it. cos they also report it. locum at ur friendly gp who give u cash, who knows. miss out some here they can dig but it's not worth the man hours. the tax on 120k pa not high what. report like other locum doctor, dun suddenly go buy a GCB and no one will know |
Hi to the locum who just joined gp lans how do u track ur payments
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How to file locum tax if ure mopex and hence still under employer who files ur tax
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