URGENT! tax questions

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petesax11
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URGENT! tax questions

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

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Strong Eagle
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Re: URGENT! tax questions

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
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Re: URGENT! tax questions

Post by petesax11 » Tue, 11 Apr 2017 9:09 am

Hi I did mention its Singapore

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sundaymorningstaple
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Re: URGENT! tax questions

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.....
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petesax11
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Re: URGENT! tax questions

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

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PNGMK
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Re: URGENT! tax questions

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!

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PNGMK
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Re: URGENT! tax questions

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!

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