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Progressive Resident Tax or Non Resident Tax

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mkhanna123
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Progressive Resident Tax or Non Resident Tax

Postby mkhanna123 » Sat, 21 May 2016 8:53 am

Hi,
I have applied for an EP and will be shifting to Singapore in July 2016.
I am a media professional for a company based in India and would be paid in SGD in Singapore.
How would be the taxes be calculated for 2016 year for me -
1) if i start working from 1st July for this yr (more than 183 days till 31st Dec)
2) if i start working from 4th July (less than 183 days till 31st Dec)
With respect to Resident Tax Structure (Progressive taxes) or Non Resident Tax Structure (flat 15% taxes). What % ?
Replies, clarifications and answers would be really appreciated.
Thanks,
Mayank

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ecureilx
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Re: RE: Progressive Resident Tax or Non Resident Tax

Postby ecureilx » Sat, 21 May 2016 12:53 pm

mkhanna123 wrote:Hi,
I have applied for an EP and will be shifting to Singapore in July 2016.
I am a media professional for a company based in India and would be paid in SGD in Singapore.
How would be the taxes be calculated for 2016 year for me -
1) if i start working from 1st July for this yr (more than 183 days till 31st Dec)
2) if i start working from 4th July (less than 183 days till 31st Dec)
With respect to Resident Tax Structure (Progressive taxes) or Non Resident Tax Structure (flat 15% taxes). What % ?
Replies, clarifications and answers would be really appreciated.
Thanks,
Mayank


Did you go through the IRAS site, Mr Media Professional?

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sundaymorningstaple
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Re: Progressive Resident Tax or Non Resident Tax

Postby sundaymorningstaple » Sun, 22 May 2016 12:03 am

If your work visa is valid for 12 months or more you will be charged at resident rates. However, should you leave before 6 months (specifically 183 days) then you will be charged on your IR-21 filing based on the non-resident rate.


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