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Questions about tax & EP

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

FreD84
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Questions about tax & EP

Postby FreD84 » Thu, 27 Oct 2016 7:45 pm

Hey guys,
I have the oppurtunity from my company to go for one year to SG - my European company has a foreign branch there and I'd get a local contract by beginning of Jan'17.
Until now I worked always with a work permit in SG (1-2-3 months, then back to my country). Now my company has to apply for an EP. What happens if it needs 3-4 months to get it (like some other members here mentioned) but I have to start already in January with my work there? Can I get such a work permit in the meantime also with a local contract?

So far I have no details yet about my new contract but I expect that I'll get at least 1:1 the same salary just in SGD, instead of Euro.
How high is the tax? Do I have to pay any other social contributions? For this one year I prefer a travel health insurance..

thanks in advance for your answers!

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ecureilx
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Re: RE: Questions about tax & EP

Postby ecureilx » Thu, 27 Oct 2016 8:55 pm

FreD84 wrote:Hey guys,
I have the oppurtunity from my company to go for one year to SG - my European company has a foreign branch there and I'd get a local contract by beginning of Jan'17.
Until now I worked always with a work permit in SG (1-2-3 months, then back to my country). Now my company has to apply for an EP. What happens if it needs 3-4 months to get it (like some other members here mentioned) but I have to start already in January with my work there? Can I get such a work permit in the meantime also with a local contract?

So far I have no details yet about my new contract but I expect that I'll get at least 1:1 the same salary just in SGD, instead of Euro.
How high is the tax? Do I have to pay any other social contributions? For this one year I prefer a travel health insurance..

thanks in advance for your answers!

Firstly, do read up on past posts in this subject.

Anyway, tax rates can be calculated using the calculator provided at https://www.iras.gov.sg

Only permanent residents and citizens need to pay for Social security, locally known as CPF.

And welcome to Singapore!!

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sundaymorningstaple
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Re: Questions about tax & EP

Postby sundaymorningstaple » Thu, 27 Oct 2016 11:08 pm

EP, S pass or Work Permit (WP) makes no difference. All will take approximately the time length of time. How long is that? How long is a piece of string. If you have been here before, you already have a FIN number and aside from the salary level shouldn't be any difference. I'm not sure why your employer applied for Work Permits previously as you can get an EP for 3 or 6 months as well. No need to stay until the end of the permit, it just gets cancelled when your job is done, no problem.

Having said that, working on a Work Permit has disadvantages as you might not get one if the employer's quota is filled up. Same with an S pass. EP, currently, are not subject to any quotas or levies like WP & S passes are. Generally it only takes a week or two unless you cannot be vetted very easily in your home country.


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