Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
- Posts: 27
- Joined: Wed, 03 Feb 2016 5:58 pm
So I worked in SG for a year for an American company and got RSUs that only some have vested and that can’t be sold as company isn’t public.
Anyway I left Singapore a year ago and still work for the US arm. I got a note saying I must pay a huge sum on those RSU. Deemed exercised rule. I can’t pay at all as I have not made a penny from these stocks.
So my question is can I just ignore it? I will never return to SG.
Anyone else have experience with this? Do IRAS chase me overseas even knowing I didn’t make any money to deprive them?
I settled all other taxes before leaving Singapore. Company just never bothered to tell them about the RSU until a year too late and they never got a tax clearance for me as I understand
I would rather just ignore this whole thing...
- Posts: 9007
- Joined: Thu, 21 Mar 2013 9:06 pm
- Location: Sinkapore
1. Ignore it.
2. Ask the company to cancel the vesting (at a loss or parity) and report the loss to IRAS.
3. Engage someone here to explain to IRAS they are looking for something that doesn't exist.
I not lawyer/teacher/CPA.
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