First of all, if you are not a Singaporean or PR, then you cannot directly work as a contractor for any company in Singapore because you need a work permit to do so. Your choices are:thesti wrote:Hi,
thank you for the reply.
actually I'm not a Singaporean. I was offered a contract job, so I'd like to know about the taxes in order for me to calculate my expected salary.
So, how about the taxes? Does a contractor pay the same taxes as a permanent employee?
Thanks
sundaymorningstaple wrote:I'm not sure, SE but possibly the OP's term in the initial post "Contract Employee" doesn't mean the term "Contractor" or "Contract Staff" in your sense of the word. Almost all EP holders, at least at the lower levels are "contract" employees in as much as their term of employment begins and end with the Employment Pass start and expiry dates. It's possible that that is what the OP is referring to. I may be wrong as well but though I'd interject that so maybe the OP can clarify.
OP, if this is what you are trying to ask, then yes, normally then conditions and benefits are the same or similar and yes, provided the minimum employment duration is met, they would be taxed at the same rates as a citizen/PR here. However, there would be not any provision for "retirement benefits" from the employer or government. Although some (not all) employers will pay them an allowance equal to the employers contributions to CPF if negotiated. Anything you ultimately get will depend on your negotiation skills and your pain threshhold. Otherwise what SE says is true.
sms
To add, the CPF equivalent for non-citizens and PRs is called SRS and it can be taxed should you leave Singapore and choose to withdraw.sundaymorningstaple wrote:I'm not sure, SE but I think maybe you might be confusing the OP's term in the initial post "Contract Employee" with the term "Contractor" in your sense of the word. Almost all EP holders, at least at the lower levels are "contract" employees in as much as their term of employment begins and end with the Employment Pass start and expiry dates. It's possible that that is what the OP is referring to. I may be wrong as well but though I'd interject that so maybe the OP can clarify.
OP, if this is what you are trying to ask, then yes, normally then conditions and benefits are the same or similar and yes, provided the minimum employment duration is met, they would be taxed at the same rates as a citizen/PR here. However, there would be not any provision for "retirement benefits" from the employer or government. Although some (not all) employers will pay them an allowance equal to the employers contributions to CPF if negotiated. Anything you ultimately get will depend on your negotiation skills and your pain threshhold.
sms
Yes, I get that, SMS. In Singapore, since virtually everyone works under an employment contract, the only difference between a contractor and contract employee is the duration... the contractor for a specified period of time, the contract employee on a continuous, at will basis.sundaymorningstaple wrote:I'm not sure, SE but I think maybe you might be confusing the OP's term in the initial post "Contract Employee" with the term "Contractor" in your sense of the word. Almost all EP holders, at least at the lower levels are "contract" employees in as much as their term of employment begins and end with the Employment Pass start and expiry dates. It's possible that that is what the OP is referring to. I may be wrong as well but though I'd interject that so maybe the OP can clarify.
OP, if this is what you are trying to ask, then yes, normally then conditions and benefits are the same or similar and yes, provided the minimum employment duration is met, they would be taxed at the same rates as a citizen/PR here. However, there would be not any provision for "retirement benefits" from the employer or government. Although some (not all) employers will pay them an allowance equal to the employers contributions to CPF if negotiated. Anything you ultimately get will depend on your negotiation skills and your pain threshhold.
sms
I thought for PRs, it's still CPF?the lynx wrote:To add, the CPF equivalent for non-citizens and PRs is called SRS and it can be taxed should you leave Singapore and choose to withdraw.sundaymorningstaple wrote:I'm not sure, SE but I think maybe you might be confusing the OP's term in the initial post "Contract Employee" with the term "Contractor" in your sense of the word. Almost all EP holders, at least at the lower levels are "contract" employees in as much as their term of employment begins and end with the Employment Pass start and expiry dates. It's possible that that is what the OP is referring to. I may be wrong as well but though I'd interject that so maybe the OP can clarify.
OP, if this is what you are trying to ask, then yes, normally then conditions and benefits are the same or similar and yes, provided the minimum employment duration is met, they would be taxed at the same rates as a citizen/PR here. However, there would be not any provision for "retirement benefits" from the employer or government. Although some (not all) employers will pay them an allowance equal to the employers contributions to CPF if negotiated. Anything you ultimately get will depend on your negotiation skills and your pain threshhold.
sms
Ah my typo. I meant to say non-PRs as well...Aragorn2000 wrote:I thought for PRs, it's still CPF?the lynx wrote:To add, the CPF equivalent for non-citizens and PRs is called SRS and it can be taxed should you leave Singapore and choose to withdraw.sundaymorningstaple wrote:I'm not sure, SE but I think maybe you might be confusing the OP's term in the initial post "Contract Employee" with the term "Contractor" in your sense of the word. Almost all EP holders, at least at the lower levels are "contract" employees in as much as their term of employment begins and end with the Employment Pass start and expiry dates. It's possible that that is what the OP is referring to. I may be wrong as well but though I'd interject that so maybe the OP can clarify.
OP, if this is what you are trying to ask, then yes, normally then conditions and benefits are the same or similar and yes, provided the minimum employment duration is met, they would be taxed at the same rates as a citizen/PR here. However, there would be not any provision for "retirement benefits" from the employer or government. Although some (not all) employers will pay them an allowance equal to the employers contributions to CPF if negotiated. Anything you ultimately get will depend on your negotiation skills and your pain threshhold.
sms
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