Singapore Expats Forum

URGENT! tax questions

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

petesax11
Newbie
Newbie
Posts: 3
Joined: Tue, 11 Apr 2017

URGENT! tax questions

Postby petesax11 » Tue, 11 Apr 2017 8:20 am

Hi all,

My wife, son and I moved to Singapore last May and were filling our tax returns for the very first time this week and need some help.

My wife was the main earner for the majority of the year so it make sense to load the potential tax deductions against her income but I'm struggling to understand exactly what we can claim for as EP holders with a child.

1/ Are we eligible to claim deduction because we have a 4 year old son? and how much can we claim?

2/ We have had a helper since June can we claim the FDW levy that we have paid last year? and if so is it correct that we can claim double the actual amount?

3/ Were both now working are there any additional amounts that we can claim for?

Any help would be amazing, were happy to pay tax we just want to make sure were not over paying.

Thank you

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10567
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Re: URGENT! tax questions

Postby Strong Eagle » Tue, 11 Apr 2017 9:03 am

You might clarify things a bit by telling us which country you are referring to.

petesax11
Newbie
Newbie
Posts: 3
Joined: Tue, 11 Apr 2017

Re: URGENT! tax questions

Postby petesax11 » Tue, 11 Apr 2017 9:09 am

Hi I did mention its Singapore

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34468
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Re: URGENT! tax questions

Postby sundaymorningstaple » Tue, 11 Apr 2017 9:31 am

I believe he means what country are you from and which country's income taxes are your referring to.....

petesax11
Newbie
Newbie
Posts: 3
Joined: Tue, 11 Apr 2017

Re: URGENT! tax questions

Postby petesax11 » Tue, 11 Apr 2017 9:34 am

Sorry I'm British living in Singapore and the tax I'm referring to is the Singapore income tax. As working residents in Singapore we're required to file tax returns for last year. I just need to understand what we can deduct as there are several available tax deductions for parents and working mothers etc

User avatar
PNGMK
Director
Director
Posts: 4996
Joined: Thu, 21 Mar 2013
Location: Sinkapore

Re: URGENT! tax questions

Postby PNGMK » Tue, 11 Apr 2017 2:16 pm

petesax11 wrote:Hi all,

My wife, son and I moved to Singapore last May and were filling our tax returns for the very first time this week and need some help.

My wife was the main earner for the majority of the year so it make sense to load the potential tax deductions against her income but I'm struggling to understand exactly what we can claim for as EP holders with a child.

1/ Are we eligible to claim deduction because we have a 4 year old son? and how much can we claim?

Child needs to be SC for Parent tax rebate. QC child relief maybe applicable.

2/ We have had a helper since June can we claim the FDW levy that we have paid last year? and if so is it correct that we can claim double the actual amount?

Only the female taxpayer can claim and only in the year of expenditure.

3/ Were both now working are there any additional amounts that we can claim for?

Earned income relief is auto calculated. No spouse relief for male taxpayer as her income > $4000. Your wife can claim Working mothers relief if child is SC.

Any help would be amazing, were happy to pay tax we just want to make sure were not over paying.

Thank you

Most of it is outlined here. https://www.iras.gov.sg/irashome/Indivi ... onations-/
I have gay, black, Asian friends and then JR8.

User avatar
PNGMK
Director
Director
Posts: 4996
Joined: Thu, 21 Mar 2013
Location: Sinkapore

Re: URGENT! tax questions

Postby PNGMK » Tue, 11 Apr 2017 2:25 pm

PS - SRS is actually a nice tax deduction for foreigners.

https://www.iras.gov.sg/IRASHome/Scheme ... eme--SRS-/
I have gay, black, Asian friends and then JR8.


  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 3 guests