Income Tax
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- Rosbif71
- Too Much Time on my Hands
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Income Tax
why does Singapore have this stupid non-resident tax system.
as far as I can see it I will get completely shatfed for tax because I've only been here a few months, whereas my colleagues will pay very little as they've been here 9 months
as far as I can see it I will get completely shatfed for tax because I've only been here a few months, whereas my colleagues will pay very little as they've been here 9 months
Re: Income Tax
At least you are not trapped in the country because your ex-companys' HR staff haven't pulled the collective fingers from their collective arses and applied for tax clearance
15% isn't that bad in the big scheme of things
15% isn't that bad in the big scheme of things
We are the TPF
- Rosbif71
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Re: Income Tax
it is compared to what others are paying.BoD wrote:At least you are not trapped in the country because your ex-companys' HR staff haven't pulled the collective fingers from their collective arses and applied for tax clearance
15% isn't that bad in the big scheme of things
I will be paying thousands compared to hundreds that my colleagues will pay. yet I have been here a short time and therefore only using the services here for a shorter time. doesnt make sense
- baloo
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Re: Income Tax
Income tax in Singapore is not something I've ever heard anyone complain about before.
So…if you wish to wish a wish, you may swish for fish with my Ish wish dish.
Re: Income Tax
If you want something to complain about regarding taxes, try having to pay it in 2 countries......
Seriously, how much would you have had to pay back in the UK? (am I right that you are from the UK?) I'm sure it's quite a bit less here.
Seriously, how much would you have had to pay back in the UK? (am I right that you are from the UK?) I'm sure it's quite a bit less here.
- Rosbif71
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Re: Income Tax
but just moved from Dubai where I didnt pay any!
A flat rate of 15pct doesnt make sense. why should someone who has only been here a few months pay vastly more than someone who has been here over 183 days?
A flat rate of 15pct doesnt make sense. why should someone who has only been here a few months pay vastly more than someone who has been here over 183 days?
Last edited by Rosbif71 on 24th Feb, '09, 15:19, edited 1 time in total.
- Spike
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Re: Income Tax
It will be put right in your next assessment. You will get a refund if you've overpaid. Don't panic!Rosbif71 wrote:but just moved from Dubai where I didnt pay any!
A flat rate of 15pct doesnt make sense. why should someone who has only been here a few months pay vastly more than someone who has been here over 183 days?
Prayer has no place in public schools. Just like facts have no place in organised religion.
- expat yorkshire
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Re: Income Tax
But if you have only been her a few months there cant be that much chargeable income.
- Rosbif71
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Re: Income Tax
if I understand it correctly all income is chargable if you have been here less than 183 daysexpat yorkshire wrote:But if you have only been her a few months there cant be that much chargeable income.
there are no allowances as apply if you have been here over 183 days
- Rosbif71
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Re: Income Tax
but that only applies if I am still here by the next tax assesment.Spike wrote:It will be put right in your next assessment. You will get a refund if you've overpaid. Don't panic!Rosbif71 wrote:but just moved from Dubai where I didnt pay any!
A flat rate of 15pct doesnt make sense. why should someone who has only been here a few months pay vastly more than someone who has been here over 183 days?
which I am really not sure about
Re: Income Tax
You pay 15% or normal resident rates, whichever is highest. So, yes, unless you are earning a lot, then you will pay more than a resident, but the more your earn the smaller the difference will be. For your colleagues to pay no tax after 9 months their salaries will need to be less than the bottom tax bracket ( 30k I think)
We are the TPF
- Dinosaur
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Re: Income Tax
I thought the Singapore tax system was great - yes much much less than the UK - was something like 40 percent income tax when we were there. I always liked that note at the bottom of the IRAS tax statement which said something like Thank You for your contribution to nation building. I mean it doesn't cost anything to be polite does it. Now when did Gordy Brown last thank anyone in the UK?
- Fat Bob
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Re: Income Tax
Rosbif, you're being rather petulent. The tax system here is far superior to most other tax systems in the world. I'm sure you knew this before you arrived, and hey, you took the job and got paid the money.
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life" ...Cecil Rhodes.
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- Lichtgestalt
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Re: Income Tax
..... and if you don't like it you can take a cab to Changi....Fat Bob wrote:Rosbif, you're being rather petulent. The tax system here is far superior to most other tax systems in the world. I'm sure you knew this before you arrived, and hey, you took the job and got paid the money.
- Lichtgestalt
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Re: Income Tax
Just thought that FB had forgotten to mention it....
Re: Income Tax
Singapore tax system is great!! I miss it !! Any anyways, most countries have some sort of resident vs non resident set up, so I wouldn't be singling out Singapore - at least it's clear.
Rosbif, you're getting bummed out far too soon. I paid the 15% because of when I landed and tax time due I was just under by a bit- it was hardly anything compared to Australia. And then I didn't pay tax for a long time. Because the entirely fair system then offset that original amount each year from my residental tax owed because I'd been there longer than the 183 cumulative days. And any left at the end of the time when I left got refunded. Singapore - tax system is one of the last things to complain about.
Rosbif, you're getting bummed out far too soon. I paid the 15% because of when I landed and tax time due I was just under by a bit- it was hardly anything compared to Australia. And then I didn't pay tax for a long time. Because the entirely fair system then offset that original amount each year from my residental tax owed because I'd been there longer than the 183 cumulative days. And any left at the end of the time when I left got refunded. Singapore - tax system is one of the last things to complain about.
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- Georg Christoph Lichtenberg
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- Fat Bob
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Re: Income Tax
Your situation is different and has nothing to do with the tax people. I take it you have official leaving dates etc? You company should withhold all the you last pay cheques after the announcement for you to leave. 28 days after the last day, they should pay you, whether they have cleared your tax or not. It is the company's responsibility to clear your tax, not yours. Get a lawyer involved if you can be arsed.BoD wrote:no I can't ( and I don't like it )
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life" ...Cecil Rhodes.
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- Fat Bob
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Re: Income Tax
Hmmmmm....it was thre case a couple of years ago when I changed employers, but a quc squizz through the IRAS website and I can't find it. So may have changed the rules.
Are there such things as employment lawyers in Singapore?
Are there such things as employment lawyers in Singapore?
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life" ...Cecil Rhodes.
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- Rosbif71
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Re: Income Tax
you have to allow me something to rant about here! not much else I've come across.
Re: Income Tax
taxis anyone?
oh hey did ya hear they are probably dropping the prices
oh hey did ya hear they are probably dropping the prices
- Rosbif71
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Re: Income Tax
can't complain about taxis after lving in Dubaicanuck wrote:taxis anyone?
oh hey did ya hear they are probably dropping the prices
If you order one it might turn up 1 hour late if it turns up at all. ended up walking home about 5-7km in 40+ heat one day after waiting over 1 hour to get one in the street. Singapore taxis are a pleasure after that
- sundaymorningstaple
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Re: Income Tax
Here's what they need. This taken from the Notes for the IR-21 (Tax Clearance form):Fat Bob wrote:Your situation is different and has nothing to do with the tax people. I take it you have official leaving dates etc? You company should withhold all the you last pay cheques after the announcement for you to leave. 28 days after the last day, they should pay you, whether they have cleared your tax or not. It is the company's responsibility to clear your tax, not yours. Get a lawyer involved if you can be arsed.BoD wrote:no I can't ( and I don't like it )
GENERAL
1 The Form IR21 and Appendix 1/2/3 (if applicable) must be completed and signed by the company secretary/director, precedent partner, sole-proprietor, manager, honorary secretary/treasurer, representative of a non-resident company or a person authorised by the employer, as the case may be. The name and designation of the authorised person and contact number must be given.
2 If you are e-filing Form IR 21, please refer to the online help at myTax Portal. For the paper Form IR21, please write in black ink
and use the format DD/MM/YY for dates. Enter ‘NA’ for items that are not applicable.
3 Complete this form at least one month before your non-citizen employee ceases employment with you in Singapore (including
posting to an overseas location) or plans to leave Singapore for more than 3 months. If you are not able to give one month’s notice, state
reason in Section D, item 15 of Form IR21. Unless the Comptroller accepts shorter notice, employers who fail to comply may be liable to a
fine not exceeding $1,000.
4 You are also required to withhold any monies (including overtime pay, leave pay, allowances for transport, entertainment, gratuities
and lump sum payments, etc.) due to your employee from the day he notifies you of his intention to cease employment or when you decide
to terminate the employment or post the employee to an overseas location. If you are unable to withhold monies, state reason in Section D,
item 20. If an employer fails to comply and does not give valid reasons, he may be held liable for the tax that is owing by the employee.
5 Do not release any monies to the employee until tax clearance is given or 30 days after the Comptroller has been notified through
the Form IR21, whichever is earlier.