OK understood. You will have to pay for income tax, the amount depends on your total income (you should find the rates on the IRAS website). That's all. No social security or other taxes that you are familiar with in Europe. It also means no social benefits such as healthcare and so on. You have to plan by yourself.What is CPF ?
Deductibles you mentioned are benefits I believe. I understand that having a dependant like wife and child can lead to benefits but I am really after what are the essential costs, if any, you have to pay as a permanent employee of a company.
e.g. here in Switzerland, you pay, local, federal taxes, social security and federal pension. UK you pay Tax and National Insurance. For Singapore, is it only tax, or is there anything I am missing?
It is relevant, because the number of dependants (spouse, children) you have has an effect on the tax computation.I am married no kids, but I am guessing it is irrelevant.
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