I am a foreign national working in Singapore now.
I was hired by a Singapore company in April, 2004 for a project outside Singapore.
I was working outside Singapore till 31st October, 2004. Since Nov 1st I am working in Singapore.
Also my EP was approved in June, 2004 but got stamped in July, 2004.
Can anyone please clarify what tax am I supposed to pay?
If I understand correctly I have to pay tax in any one country, can I file all my returns in Singapore, i.e from April 2004 to Dec 2004? Cos I believe it will be the least in Singapore.
Thanks in anticipation.
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
income tax??
Income Tax
Under current Singapore tax laws, if a foreigner who has stayed in Singapore for more than 183 days, he will be considered as a tax resident in Singapore, and the income tax rates applicable to Singaporeans will apply to you as well. However, if your total stays in Singapore is less than 186 days but more than 60 days, you will be taxed a flat rate of 15% of your income earned for the year 2004 or Singapore resident rates, whichever is higher.
For more info, you can go to www. iras.gov.sg
For more info, you can go to www. iras.gov.sg
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