Singapore Expats

job changing doubt

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
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xl5899
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job changing doubt

Post by xl5899 » Wed, 25 Dec 2019 6:16 pm

Guys, just want to ask. If I change to another job within 183 days, I will need to pay tax or not? The current work pass will be canceled right and I will get a new work pass, right? I know that if work less than 183 days nned to pay tax....

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sundaymorningstaple
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Re: job changing doubt

Post by sundaymorningstaple » Thu, 26 Dec 2019 1:12 am

The IR-21 that the employer needs to fill out will assess your taxes for the year from date of arrival to date of last day of employment. If you total number of days here are less than 183 you will be assessed your final tax bill based on a flat rate of %15. If you subsequently obtain another position at the end of the tax year when the new employer files your IR8A, if you total number of days in Sinagpore exceed the 183 days minimum required to use resident tax rates, the taxes will be computed based on the resident tax rates on the wages paid by both employers. At that point you new taxes will be generated and any excess payment made will be refund you. But please note that it is entirely possible that the IR-21 will compute using the resident rates (depends on several things that are too laborious that depends on when you started working and when you finished - across two consecutive years for instance).
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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