Economic Contributions for SC Application

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tritonsg
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Economic Contributions for SC Application

Post by tritonsg » Fri, 03 Sep 2021 10:46 pm

Economic contributions is part what ICA takes into consideration for Citizenship applicants. But what exactly count as economic contributions? Is it

a) salary income (showing consistent income and career progression)
b) total employment income (including phantom income from company stocks or benefits, which can actually make one's income look higher)
c) amount of taxes paid to IRAS (post-tax reliefs)
d) working in a sector that is deemed crucial to the nation's future (tech, biomanufacturing etc)

I'm planning to apply for citizenship in about 2 years. The reason I'm asking this is because I'd like to reduce my tax liabilities slightly (legally of course) by claiming CPF top-up and SRS reliefs, and if it turns out that the consideration for economic contributions is actually (c), then I'm worried it might hurt my chances in the future.

Has anyone managed to get your citizenship even after utilizing the various tax reliefs?

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sundaymorningstaple
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Re: Economic Contributions for SC Application

Post by sundaymorningstaple » Sat, 04 Sep 2021 2:33 pm

a) & d) are probably the only ones that matter.

a) only because that tends to show that you will not become a ward of the state therefore economic drain.

d) working in high-tech industries you contributions likely make the company more profitable and by doing so, growth industry meaning employment for Singaporeans as opposed to just taking a Singaporeans theoretical job (we know otherwise, but there you go). If Total employment income and taxes paid to IRAS were crucial, then the vast majority of Malaysians who take up citizenship or even PR are given special entry rates as far a minimum salaries go.

As Singapore's income tax rates are extremely low, this couldn't be much of a factor.

There are many other factors that are considered as well, but how much weightage is given to each is anybody's guess. It's my guess that all are on a sliding scale dependent of if you are higher in one but lessor in another, but how much and where is something that guarded closer than military secrets.
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