UK_Ship

Hi all

New to the forums as I am moving out to Singapore in September with my company for a couple of years. Have done lots of googling and reading the forums; but I cant seem to find the answer to a tax question...

Since I am arriving in September, I will not have over 183 days in country to make me a resident for tax purposes, but I will be here for over 60 days so will have to pay tax. Will I end up paying a flat 15%? Or will the fact I am on a permanent contract mean the liability will roll over to the next year?

Thanks in advance for your advice

nonthaburi

Trricky one. I try to avoid paying all forms of tax unless it's on my beer , but I'm sure someone more knowledgable than me will be around soon.

Kooky.

You need http://www.iras.gov.sg/irasHome/page01.aspx?id=88

Even on a full year and with a good salary, I would be very surprised if you pay more than about 12%.

God I miss Singapore income tax rates Not booze prices though

UK_Ship

Seasider

Thanks for that, really helpful. As far as I understand it, as long as i stay in S'pore for 3 consecutive years (2011/12/13) I will be a resident for tax purposes - which is good news!

bakedbean

Not sure if you're working for a company or self-employed with contract. If you're working for a company, then I would think they should be able to advise? If you are self-employed, go ask IRAS. They are very helpful. We were working there less than 3 years and we were tax resident (thanks to double taxation agreement with UK). We were self-employed but with Employment Passes.

UK_Ship

Bakedbean

thanks for your reply; I will be working for a company (with a UK and S'pore office) but I wanted to do a bit of research myself on the tax situation as it will all form part of the negotiations! I also understand that on leaving the UK I will continue to pay NI contributions for 52 weeks, is this correct?

bakedbean

I'm sorry, I don't know about NI contributions. I stopped paying when I had enough years in the pot.

ex reg

iirc you pay class 3 contributions but if they start immediately or not I dunno.

Make sure your company pays them for you though as they might effect a pension down the line.
Although I think qualification for the full gov pension has either changed or is in the process of changing.

bakedbean

Continually moving the goalposts, aren't they.

ex reg

Making it easier to claim the full pension.

bakedbean

Yeh if you can make it to the pension date. They've moved my pension date twice so far. Wonder if I'll ever bleedin' get it