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Income tax in Singapore
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Income tax in Singapore
Hi Team, I need some help in understanding the tax rules in Singapore.
I was working in Singapore for last 2 years on Employment Pass, due to personal need I came to India on Sept 2016 and will be here till July 2017. Even though I'm in India, my payroll and every thing is from Singapore. Just that I'm working from Home. Considering my scenario, as I'm not staying in Singapore for more than 183 days in the year 2017, will I be considered as Tax resident or non-resident for the assessment year 2018?
2015 Feb - 2016 Sept - Working in Singapore on EP
Sept 20th, 2016 to July 25th, 2017 - Working from Home(India) for Singpaore Company, I'm staying here on personal need.
From July 25th, 2017 to Dec 31,2017 - I'll physically stay in Singpaore on EP.
I’m holding Employment Pass till Jan 2018 and I paid income tax for assessment year 2016 and 2017 as a tax resident.
My major concern here is, My physical stay in Singapore would be less than 183 days in 2017, so will I be considered as tax resident or non-resident?
I was working in Singapore for last 2 years on Employment Pass, due to personal need I came to India on Sept 2016 and will be here till July 2017. Even though I'm in India, my payroll and every thing is from Singapore. Just that I'm working from Home. Considering my scenario, as I'm not staying in Singapore for more than 183 days in the year 2017, will I be considered as Tax resident or non-resident for the assessment year 2018?
2015 Feb - 2016 Sept - Working in Singapore on EP
Sept 20th, 2016 to July 25th, 2017 - Working from Home(India) for Singpaore Company, I'm staying here on personal need.
From July 25th, 2017 to Dec 31,2017 - I'll physically stay in Singpaore on EP.
I’m holding Employment Pass till Jan 2018 and I paid income tax for assessment year 2016 and 2017 as a tax resident.
My major concern here is, My physical stay in Singapore would be less than 183 days in 2017, so will I be considered as tax resident or non-resident?
Last edited by kondalinbox on Tue, 23 May 2017 2:20 pm, edited 1 time in total.
Re: Income tax in Singapore
Answers may vary, but for IRAS, you file the tax, if you got paid in Singapore, under an EP.kondalinbox wrote:Hi Team, I need some help in understanding the tax rules in Singapore.
I was working in Singapore for last 2 years on Employment Pass, due to personal need I came to India on Sept 2016 and will be here till July 2017. Even though I'm in India, my payroll and every thing is from Singapore. Just that I'm working from Home. Considering my scenario, as I'm not staying in Singapore for more than 183 days in the year 2017, will I be considered as Tax resident or non-resident for the assessment year 2018?
2015 Feb - 2016 Sept - Working in Singapore on EP
Sept 20th, 2016 to July 25th, 2017 - Working from Home(India) for Singpaore Company, I'm staying here on personal need.
I’m holding Employment Pass till Jan 2018 and I paid income tax for assessment year 2016 and 2017 as a tax resident.
My major concern here is, My physical stay in Singapore would be less than 183 days in 2017, so will I be considered as tax resident or non-resident?
If you are trying to say if you are getting resident or non-resident rates.
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- Newbie
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- Joined: Tue, 23 May 2017 12:12 pm
Re: Income tax in Singapore
Thanks for your response ecureilx.
Am I going to be tax resident or non-tax resident for the assessment year 2018 would be unclear for me.
I've gone through this, but couldn't get into conclusion.
https://www.iras.gov.sg/IRASHome/Indivi ... reigners-/
Am I going to be tax resident or non-tax resident for the assessment year 2018 would be unclear for me.
I've gone through this, but couldn't get into conclusion.
https://www.iras.gov.sg/IRASHome/Indivi ... reigners-/
Re: Income tax in Singapore
maybe somebody can correct me but if you are on EP, you are considered Resident.kondalinbox wrote:Thanks for your response ecureilx.
Am I going to be tax resident or non-tax resident for the assessment year 2018 would be unclear for me.
I've gone through this, but couldn't get into conclusion.
https://www.iras.gov.sg/IRASHome/Indivi ... reigners-/
One thing is, IRAS rarely like to be double guessed.
So you file and pray you get the lowest tax.
- sundaymorningstaple
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Re: Income tax in Singapore
Generally speaking, if you are still on a valid employment pass that covers the entire period, then in all probability you will still pay taxes on resident rates.
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
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Re: Income tax in Singapore
Okay, Thank you.sundaymorningstaple wrote:Generally speaking, if you are still on a valid employment pass that covers the entire period, then in all probability you will still pay taxes on resident rates.
Re: Income tax in Singapore
Yes, agreed, especially if you have lot of money AND very weak in Simple English, Engage a Specialist !!!timjakarto wrote:With a valid through work visa, you would pay the taxes but it is never too late to consult a specialist if still you are having any doubts.
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Re: Income tax in Singapore
totally agree on this.ecureilx wrote:Yes, agreed, especially if you have lot of money AND very weak in Simple English, Engage a Specialist !!!timjakarto wrote:With a valid through work visa, you would pay the taxes but it is never too late to consult a specialist if still you are having any doubts.
plus especially if your preferred currency is a lot different from singapore dollars.
like 100 yen is just $1.20 or 100,000 rupiah or rupee..
it is going to be a headache for DIY
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