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Salary Packaging

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Sales Success
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Salary Packaging

Post by Sales Success » Mon, 15 Aug 2005 8:39 pm

Hi.

My company is sending an employee to Singapore to work and I have to come up with a "tax efficient " salary package for them. Can anyone offer any guidance on what can and can't be packaged?

The salary will be approx $150k SGD. I need to consider housing/ child care/ flights home/ health care/ vehicle etc.

Any guidance would be appreciated.

Thanks

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cyber_m0nkey
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Post by cyber_m0nkey » Mon, 15 Aug 2005 8:58 pm

IIRC all benefits-in-kind are fully taxed in singapore, except housing and car are treated differently. Some other benefits like home-leave are also taxed at lower then cash equivalent rates.

See www.iras.com.sg for full details.

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