Singapore - tax question
Feb 22nd 2006, 5:01 am
#1
JME
Thread Starter
Joined: Mar 2005
Location: Adelaide
Posts: 103
Singapore - tax question
Hello there,
I'm going to be working in Singapore for 3 months (for a singaporean company) - can anyone tell me what rates of taxation are like there? so if I earn say 5000 SGD a month what would I expect to take home?
Any advice much appreciated
Juanita
I'm going to be working in Singapore for 3 months (for a singaporean company) - can anyone tell me what rates of taxation are like there? so if I earn say 5000 SGD a month what would I expect to take home?
Any advice much appreciated
Juanita
Feb 23rd 2006, 2:02 pm
#2
Melbourne Australia
Joined: Feb 2006
Posts: 4,169
Re: Singapore - tax question
I think the tax rate is about 10% but 20% contribution to the local superannuation fund might also be required. Remember you will need to declare this income on your return to UK (although it can be offset by any local taxes paid)
Mar 6th 2006, 12:09 pm
#3
Just Joined
Joined: Sep 2005
Posts: 1
Re: Singapore - tax question
Originally Posted by Juanita
Hello there,
I'm going to be working in Singapore for 3 months (for a singaporean company) - can anyone tell me what rates of taxation are like there? so if I earn say 5000 SGD a month what would I expect to take home?
Any advice much appreciated
Juanita
I'm going to be working in Singapore for 3 months (for a singaporean company) - can anyone tell me what rates of taxation are like there? so if I earn say 5000 SGD a month what would I expect to take home?
Any advice much appreciated
Juanita
First $20 000 = 0%
Next $10 000 = 3.75%
Next $10 000 = 5.75
Next $40 000 = 8.75%
Next $80 000 = $14.5%
Next $180 000 = 18%
There are some tax free allowances too, for non-working wives and children. Just noticed though that you will be here for only 3 months. If you are working here for less than 183 days then you are considered a non resident so a flat rate of 15% applies.
