Singapore Expats

The budget for YA 2017 increased the top rate and move some brackets down. I expect about a 25% increase in my bill. Be prepared. IRAS has a calculator in their website.

False alarm. YA2017 means assessment year 2017, means Income earned in 2016 and assessed in 2017. There is no calculator for FY2018 yet on IRAS website.

Also the increase is at the high end. A highly paid expat needs to start saving for this?

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Yes they do . You'd be surprised how cash poor some expats are.

There is a YA2018 calculator here: https://www.iras.gov.sg/irashome/Quick- ... lculators/

PNGMK wrote:Yes they do . You'd be surprised how cash poor some expats are.

There is a YA2018 calculator here: https://www.iras.gov.sg/irashome/Quick- ... lculators/

This calculator still has the old rates.

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Wd40 wrote:

PNGMK wrote:Yes they do . You'd be surprised how cash poor some expats are.

There is a YA2018 calculator here: https://www.iras.gov.sg/irashome/Quick- ... lculators/

This calculator still has the old rates.

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The rates don't change I think but the rebate disappears.

PNGMK wrote:

Wd40 wrote:

PNGMK wrote:Yes they do . You'd be surprised how cash poor some expats are.

There is a YA2018 calculator here: https://www.iras.gov.sg/irashome/Quick- ... lculators/

This calculator still has the old rates.

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The rates don't change I think but the rebate disappears.

Sorry, I didn't understand the intent of your post. If the rates don't change from YA2017 to YA2018, then how does your tax increase by 25%?

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IRAS has been giving rebates for a couple of years now. This year there are no rebates unless they announce one during the budget. So you will have a higher tax bill (if you HAD a tax bill in the first place).

sundaymorningstaple wrote:IRAS has been giving rebates for a couple of years now. This year there are no rebates unless they announce one during the budget. So you will have a higher tax bill (if you HAD a tax bill in the first place).

Yes. The rebate last year was $500 max.

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Wd40 wrote:

PNGMK wrote:

Wd40 wrote:This calculator still has the old rates.

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The rates don't change I think but the rebate disappears.

Sorry, I didn't understand the intent of your post. If the rates don't change from YA2017 to YA2018, then how does your tax increase by 25%?

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Increases in my income, reduced deductions and no rebate plus the increased tax table have pushed my bill up 25 %.