Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.
-
petesax11
- Newbie
![Newbie Newbie]()
- Posts: 3
- Joined: Tue, 11 Apr 2017 8:15 am
-
Quote
-
0
login to like this post
Post
by 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
-
Strong Eagle
- Moderator
![Moderator Moderator]()
- Posts: 11739
- Joined: Sat, 10 Jul 2004 12:13 am
-
Answers: 10
- Location: Off The Red Dot
-
Contact:
-
Quote
-
0
login to like this post
Post
by 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 Newbie]()
- Posts: 3
- Joined: Tue, 11 Apr 2017 8:15 am
-
Quote
-
0
login to like this post
Post
by petesax11 » Tue, 11 Apr 2017 9:09 am
Hi I did mention its Singapore
-
sundaymorningstaple
- Moderator
![Moderator Moderator]()
- Posts: 40532
- Joined: Thu, 11 Nov 2004 1:26 pm
-
Answers: 21
- Location: Retired on the Little Red Dot
-
Quote
-
0
login to like this post
Post
by 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.....
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
-
petesax11
- Newbie
![Newbie Newbie]()
- Posts: 3
- Joined: Tue, 11 Apr 2017 8:15 am
-
Quote
-
0
login to like this post
Post
by 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
-
PNGMK
- Moderator
![Moderator Moderator]()
- Posts: 9245
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 11
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by 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 not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
PNGMK
- Moderator
![Moderator Moderator]()
- Posts: 9245
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 11
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by 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 not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
-
Tax & licensing questions
Replies: 1
First post
Hi, I'm intending to start an e-commerce business using ebay. I've never done one before, hence I would like to ask some questions regarding this...
Last post
You changed your post. Previously, you had specific questions. What happened?
- 1 Replies
- 1462 Views
-
Last post by Myasis Dragon
Thu, 18 Jun 2020 10:58 pm
-
-
Tax resident and double tax for working remotely in Singapore
Replies: 9
First post
Hi my friend is currently on Dependant Pass, works remotely for a HK company, get paid in HKD to his bank account in Hong Kong. We would like to...
Last post
Mal, that's basically exactly what we do, in addition to sweeping out the obvious trash. We also do some sleuthing when we have time. Often times by...
- 9 Replies
- 11282 Views
-
Last post by sundaymorningstaple
Tue, 15 Feb 2022 6:39 pm
-
-
- 0 Replies
- 1405 Views
-
Last post by Ash1314
Sat, 22 Feb 2020 1:47 pm
-
-
Urgent help!
Replies: 1
First post
Hello everyone,
I came here in 2017 to pursue my Master's and I was on student pass till July 2019. Later in Nov 2019, I was converted to LTVP for...
Last post
Hello everyone,
I came here in 2017 to pursue my Master's and I was on student pass till July 2019. Later in Nov 2019, I was converted to LTVP for...
- 1 Replies
- 1879 Views
-
Last post by singaporeflyer
Tue, 21 Apr 2020 3:55 pm
-
-
URGENT help needed
Replies: 1
First post
My long term visit pass is expiring in 2 days. I have applied for a renewal of it last month but have yet to receive a reply. So I need to apply for...
Last post
My long term visit pass is expiring in 2 days. I have applied for a renewal of it last month but have yet to receive a reply. So I need to apply for...
- 1 Replies
- 2239 Views
-
Last post by singaporeflyer
Mon, 20 Apr 2020 10:46 pm
Users browsing this forum: No registered users and 2 guests