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Is this a normal Contract/Offer

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Aussiescotty

Is this a normal Contract/Offer

Post by Aussiescotty » Thu, 05 May 2005 11:25 am

Hello was a bit worried about outpatients on the medical insurance etc will be double checking with the person. Anything else anyone can think of to ask?

> >From: <
> >To: <
> >Subject: About offer
> >> >
> >Hi Scott,
> >
> >Good Morning!
> >
> >I am offering you a salary of 5500 Singapore dollars per month
> >
> >Its a 12 months contract and if you want to break the contract in the
> >middle you have to give us 30 days notice period. This offer is valid
> >once you get selected in the client interview.
> >
> >Medical insurance only for you(Hospitalization and Surgery No out
> >patient covered)
> >
> >12 days annual leaves and No medical leaves.
> >
> >Tax Rate
> >The tax rate in Singapore is amongst the lowest in the world. It varies
> >between 5 to 15% depending on 2 factors :-
> >
> >a) Income b) Duration of stay in Singapore
> >In case a consultant stays in Singapore for more than 60 days but less
> >than 183 days in a calendar year, he will be taxed a flat rate of 15%.
> >However, if his stay exceeds 183 days in a calendar year, then he will
> >be taxed anywhere between 4 to 8% in the year, depending on the salary
> >bracket.
> >
> >Case 1:
> >In case you come to Singapore in February (of a calendar year) and
> >completes 1 year with GlobeSoft. From Feb to Dec, you would be taxed
> >4-8% in the 1st year and from Jan - Feb next year 15%.
> >
> >Case 2:
> >In case you come to Singapore in Oct (of a calendar year) and complete
>1
> >year with Globesoft. From Oct - Dec, you will be taxed at a flat rate
>of
> >15% and from Jan - Oct (next calendar year), at 4-8 %.
> >
> >Note : For Employment Pass Holders, the tax payment liability rests on
> >the Employer. Hence, for the first 6 months of your employment with
> >GlobeSoft, in each calendar Year, 15% of your salary will be withheld
>by
> >GlobeSoft. Your taxes will be filed in March of next calendar year. If
> >the amount withheld is in excess of your liability, then the balance
> >will be refunded to you after the assessment comes from IRAS (Tax
> >Authority of Singapore). This procedure is repeated every calendar year
> >for each employee of GlobeSoft, who is on EP status.
> >
> >Please reply back saying you accept the offer.
> >
> >

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elizabeth
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Posts: 239
Joined: Fri, 29 Apr 2005 2:44 pm

Re: Is this a normal Contract/Offer

Post by elizabeth » Thu, 05 May 2005 11:41 am

[quote="Aussiescotty"]Hello was a bit worried about outpatients on the medical insurance etc will be double checking with the person. Anything else anyone can think of to ask?

> >From: <
> >To: <
> >Subject: About offer
> >> >
> >Hi Scott,
> >
> >Good Morning!
> >
> >I am offering you a salary of 5500 Singapore dollars per month
> >
> >Its a 12 months contract and if you want to break the contract in the
> >middle you have to give us 30 days notice period. This offer is valid
> >once you get selected in the client interview.
> >
> >Medical insurance only for you(Hospitalization and Surgery No out
> >patient covered)
> >
> >12 days annual leaves and No medical leaves.
> >
> >Tax Rate
> >The tax rate in Singapore is amongst the lowest in the world. It varies
> >between 5 to 15% depending on 2 factors :-
> >
> >a) Income b) Duration of stay in Singapore
> >In case a consultant stays in Singapore for more than 60 days but less
> >than 183 days in a calendar year, he will be taxed a flat rate of 15%.
> >However, if his stay exceeds 183 days in a calendar year, then he will
> >be taxed anywhere between 4 to 8% in the year, depending on the salary
> >bracket.
> >
> >Case 1:
> >In case you come to Singapore in February (of a calendar year) and
> >completes 1 year with GlobeSoft. From Feb to Dec, you would be taxed
> >4-8% in the 1st year and from Jan - Feb next year 15%.
> >
> >Case 2:
> >In case you come to Singapore in Oct (of a calendar year) and complete
>1
> >year with Globesoft. From Oct - Dec, you will be taxed at a flat rate
>of
> >15% and from Jan - Oct (next calendar year), at 4-8 %.
> >
> >Note : For Employment Pass Holders, the tax payment liability rests on
> >the Employer. Hence, for the first 6 months of your employment with
> >GlobeSoft, in each calendar Year, 15% of your salary will be withheld
>by
> >GlobeSoft. Your taxes will be filed in March of next calendar year. If
> >the amount withheld is in excess of your liability, then the balance
> >will be refunded to you after the assessment comes from IRAS (Tax
> >Authority of Singapore). This procedure is repeated every calendar year
> >for each employee of GlobeSoft, who is on EP status.
> >
> >Please reply back saying you accept the offer.
> >
> >[/quote
No i dun think i will accept the offer, seem like something wrong ... how can there be no medice leave, and u are given 12days of annual leave..so which mean if u r sick u got to apply annual leave to cove for ur med.leave.. so for the taxes u can check it out with inland..www.iras.gov.sg

dumbledore
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Posts: 52
Joined: Sat, 02 Apr 2005 3:45 am

Post by dumbledore » Thu, 05 May 2005 12:28 pm

ya usually 14 days annual leave, a lot of medical, child care, marriage.... leaves

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elizabeth
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Posts: 239
Joined: Fri, 29 Apr 2005 2:44 pm

Post by elizabeth » Thu, 05 May 2005 12:45 pm

dumbledore wrote:ya usually 14 days annual leave, a lot of medical, child care, marriage.... leaves
and if he is pay so high i thk the benfit shd be so much more than others staff.. he shd be consider as high managment staff..

Aussiescotty

Thanks

Post by Aussiescotty » Thu, 05 May 2005 1:46 pm

thanks, I have been told that this is a standard contract for someone in my position Senior Programmer. I was a bit surprised about no sick leave myself but most contracts I know of in Sydney are the same etc but with no annual leave as well...

If I am sick I guess I just get paid less....?

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