taxed 15 percent

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Scorpion
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183 dayz

Post by Scorpion » Wed, 21 Sep 2005 6:21 pm

jhkim wrote:
1. if you don't quit your 2nd job before the end of financise year, which is in the end of Dec this year
What do you mean by that? If I am still employed by the end of dec then I will be paying resident rate even though my working days did not reach 183 days?

The no of days you stay in singapore is very important, though you cancel your employment pass but still stay on visitor pass for two weeks. the total no of days will be accounted on the no of days stayed in singapore not on the employment.

if you are not able to complete the 183 days with the first employer, you will be paying 15%. which will get re-calculated on your next tax paying year
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Re: 183 dayz

Post by kpinsg » Thu, 22 Sep 2005 11:26 am

if you are not able to complete the 183 days with the first employer, you will be paying 15%. which will get re-calculated on your next tax paying year
Could you elaborate on the last sentence: "which will be re-calcuated ..."

Thanks.

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Post by Bremen » Thu, 22 Sep 2005 7:57 pm

riversandlakes wrote::???: Does that mean I'm liable for 15% tax because I started working here on August 22?! :o
Yes, for your salary from Aug22-Dec31.
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Post by Harsha » Fri, 23 Sep 2005 6:03 pm

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Post by riversandlakes » Fri, 23 Sep 2005 7:41 pm

Oh, well, 15% must be the most amount of tax I'll ever pay! :cry: :cry: Will we be notified how much tax exactly is payable?

:cry: :cry:
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Re: 183 dayz

Post by Scorpion » Sat, 24 Sep 2005 2:02 am

kpinsg wrote:
if you are not able to complete the 183 days with the first employer, you will be paying 15%. which will get re-calculated on your next tax paying year
Could you elaborate on the last sentence: "which will be re-calcuated ..."

Thanks.
Halo, if you were not able to complete the 183 days with the first employer and join your next employer, you will have to pay the 15% for the no of dayz worked and in the next cycle during your tax calculation the earlier employment will be recalculated in the normal % and the rest of amount will be dedcuted in the current tax payable. if in excess they will mail the cheque or transfer by your giro according with your consent.

hope this clarifies. cheers
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Notification

Post by Scorpion » Sat, 24 Sep 2005 2:05 am

riversandlakes wrote:Oh, well, 15% must be the most amount of tax I'll ever pay! :cry: :cry: Will we be notified how much tax exactly is payable?

:cry: :cry:
Yup, during every yearly the tax payable will be either sent to us directly or to the employer. there are only 2 types of taxes resident and non-resident(flat-15%).
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Post by Vaucluse » Sat, 24 Sep 2005 1:03 pm

:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


Sorry, for laughing, but hearing people complain so bitterly about paying 15% tax is quite funny.

(went out with a girl here for a while, she was Malaysian, and she complained that she was taxed at all . . . )

Let's face it, people, revenue generation is necessary. It keeps the roads we admire so, the landscape which we enjoy, the safety which we take for granted, the cleanliness which we all appreciate and so many otehr things.

Wait if you ever get a job in Australia or Europe - 40%+ is quite common and you get sweet FA, aside from unemployment benefits.
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Post by riversandlakes » Sat, 24 Sep 2005 9:24 pm

I was hoping I get to pay resident's tax. That's all! :cry:
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Post by Harsha » Tue, 27 Sep 2005 6:13 pm

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Post by Vaucluse » Wed, 28 Sep 2005 10:09 am

I gladly pay my taxes every year, even o to the tax office, where the people are very friendly, and the lady I see there always gets me DEDUCTIONS!!!!!!! And she works for the tax office.

Seriously, people, I can understand wanting tax minimisation, but if it's already so miniscule . . .

I may sound ludicrous here, but let's look at the benefits our tax dollars bring - even for non-citizens.
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Post by cyber_m0nkey » Wed, 28 Sep 2005 12:59 pm

really 15% is hardly worth mentioning, even the top rate of 22% for residents is nothing (not to mention it only applies after $320k)

In Australia the top rate is 47% +1.5% Medicare levy +10% GST.

If that's not bad enough, in Denmark the top rate is almost 70% + 25% GST.

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Post by fx8fx » Thu, 06 Oct 2005 10:16 pm

riversandlakes wrote:I was hoping I get to pay resident's tax. That's all! :cry:
you are not wrong .

let's the focus on how is the rule of sg's tax

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Post by riversandlakes » Fri, 07 Oct 2005 1:12 am

where i came from i used to pay only about max 5% :cry: :cry:

but i DO NOT worry about what i can do NOTHING about \:D/\:D/
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Post by Vaucluse » Wed, 12 Oct 2005 11:00 pm

riversandlakes wrote:where i came from i used to pay only about max 5% :cry: :cry:

but i DO NOT worry about what i can do NOTHING about \:D/\:D/



Being Malaysian, you would also know the tax rate goes up to 28%. In every country there is a lowest non-taxable income limit.
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