28-02-2016 04:01 PM | ||
Unregistered |
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if really that easy all the companies would have either setup a new shell co. or use an existing overseas subsidiary to simply pay employees in high tax jurisdictions to save on income tax. like above poster say, better to seek professional advice on such things. usually if not too complicated its maybe 1-3k only. |
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28-02-2016 12:37 PM | ||
dann |
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right now as it is only initial stage, am just researching to understand how is the sound way to do this. |
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28-02-2016 12:18 PM | ||
Unregistered |
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u might end up doing the wrong thing for many years only to get caught in an audit and have to pay back everything with interest and penalties. i kena from aussie ato few years ago and was lucky the total amount was not too big and able to take short term loans to tide out. |
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28-02-2016 12:10 PM | ||
dann |
Commission from overseas taxable? I have a day job and is looking forward to create a better life for my family. am starting to provide consultation services to an oversea company which will in turn pay me service fee/commission to my personal bank account in SG. Will this income be taxable? Tried to lookup online and there is a directive "Tax Exemption for Foreign-Sourced Income" stating it is not taxable. somehow feels that it is not simple, maybe have to hit many criteria to be eligible? Seeking advise from those who have experience this before. |