Discuss about life in Singapore. Ask about cost of living, housing, travel, etiquette & lifestyle. Share experience & advice with Singaporeans & expat staying in Singapore.
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PNGMK
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by PNGMK » Thu, 18 Jan 2018 1:37 pm
The budget for YA 2017 increased the top rate and move some brackets down. I expect about a 25% increase in my bill. Be prepared. IRAS has a calculator in their website.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
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Wd40
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by Wd40 » Thu, 18 Jan 2018 2:47 pm
False alarm. YA2017 means assessment year 2017, means Income earned in 2016 and assessed in 2017. There is no calculator for FY2018 yet on IRAS website.
Also the increase is at the high end. A highly paid expat needs to start saving for this?
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PNGMK
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by PNGMK » Thu, 18 Jan 2018 3:27 pm
Yes they do . You'd be surprised how cash poor some expats are.
There is a YA2018 calculator here:
https://www.iras.gov.sg/irashome/Quick- ... lculators/
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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Wd40
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by Wd40 » Thu, 18 Jan 2018 3:34 pm
This calculator still has the old rates.
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PNGMK
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by PNGMK » Thu, 18 Jan 2018 4:19 pm
Wd40 wrote:This calculator still has the old rates.
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The rates don't change I think but the rebate disappears.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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Wd40
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by Wd40 » Thu, 18 Jan 2018 7:23 pm
PNGMK wrote:Wd40 wrote:This calculator still has the old rates.
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The rates don't change I think but the rebate disappears.
Sorry, I didn't understand the intent of your post. If the rates don't change from YA2017 to YA2018, then how does your tax increase by 25%?
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sundaymorningstaple
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by sundaymorningstaple » Thu, 18 Jan 2018 11:36 pm
IRAS has been giving rebates for a couple of years now. This year there are no rebates unless they announce one during the budget. So you will have a higher tax bill (if you HAD a tax bill in the first place).
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
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Wd40
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by Wd40 » Fri, 19 Jan 2018 6:28 am
sundaymorningstaple wrote:IRAS has been giving rebates for a couple of years now. This year there are no rebates unless they announce one during the budget. So you will have a higher tax bill (if you HAD a tax bill in the first place).
Yes. The rebate last year was $500 max.
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PNGMK
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by PNGMK » Fri, 19 Jan 2018 8:23 am
Wd40 wrote:PNGMK wrote:Wd40 wrote:This calculator still has the old rates.
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The rates don't change I think but the rebate disappears.
Sorry, I didn't understand the intent of your post. If the rates don't change from YA2017 to YA2018, then how does your tax increase by 25%?
Sent from my Redmi Note 4 using Tapatalk
Increases in my income, reduced deductions and no rebate plus the increased tax table have pushed my bill up 25 %.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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