Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.
-
ginge
- Newbie
![Newbie Newbie]()
- Posts: 11
- Joined: Sun, 28 Aug 2005 7:49 pm
- Location: UK
-
Quote
-
0
login to like this post
Post
by ginge » Thu, 10 Nov 2005 5:42 am
Hello. My wife, baby and I are due to arrive in Sinagpore Jan' 2006 for a 2 to 3 year stint. I was looking at the Singapore Tax Office website and noticed that I will be able to claim tax relief for my non-earning wife and child at $2,000 a piece. Can someone please explain how this works i.e. does this mean I pay $4,000 less in tax, or, that I am not taxed on an additional $4,000 of gross income. If it's the latter, then frankly i can't see why they would bother offering the relief as the tax rates are so low. Thanks.
-
Light
- Member
![Member Member]()
- Posts: 37
- Joined: Thu, 14 Apr 2005 11:38 am
-
Quote
-
0
login to like this post
Post
by Light » Thu, 10 Nov 2005 8:21 am
Tax Reliefs are given as deductions against the individual's assessable (taxable) income and are available only to individuals who are tax residents in Singapore. Since you will likely to be in Singapore for more than 183 days within next calendar year (assuming you are not traveling more than six months out the of year), you will qualify for these reliefs as residents. If you travel outside Singapore for more than six months, resulting in the total number of days in Sinagpore to be less than 183 days, you will be considered either "non-resident" or "NOR" (Not Ordinarily Resident). Non-residents and NORs do not get any tax reliefs but get taxed on a lower tax rate. Non-residents are generally taxed at 15% flat tax rate and NORs have the option of prorated tax rate based on the number of days worked in or outside Singapore. If you want a comprehensive tax guide, let me know your email address and I will forward you a tax guide that shows much more than what IRAS site shows. Cheers!
-
yoongf
- Chatter
![Chatter Chatter]()
- Posts: 205
- Joined: Tue, 20 Jul 2004 4:29 pm
- Location: Dunearn/Chancery
-
Quote
-
0
login to like this post
Post
by yoongf » Thu, 10 Nov 2005 9:27 am
ginge wrote:Hello. My wife, baby and I are due to arrive in Sinagpore Jan' 2006 for a 2 to 3 year stint. I was looking at the Singapore Tax Office website and noticed that I will be able to claim tax relief for my non-earning wife and child at $2,000 a piece. Can someone please explain how this works i.e. does this mean I pay $4,000 less in tax, or, that I am not taxed on an additional $4,000 of gross income. If it's the latter, then frankly i can't see why they would bother offering the relief as the tax rates are so low. Thanks.
It's the latter. Every cent counts. Also, the govt has certain social objectives to encourage/discourage, and it's done through the tax relief system.
-
-
Eligibility for Spouse Relief Deduction in Income Tax
Replies: 3
First post
For background, I am a foreigner on EP who got married in October 2020. Got my wife's DP IPA issued in November 2020. However, we only arrived in...
Last post
Yes - it looks to be that way.
- 3 Replies
- 4582 Views
-
Last post by PNGMK
Thu, 04 Mar 2021 2:59 pm
-
-
any info on Expat COvid Relief with LL
Replies: 2
First post
hello my wife and I need some help to figure out what we need to do during our covid situation and our lease agreement.
here is a little info on us...
Last post
As PNGMK says there is no relief available to private accommodation landlords, just to commercial premises such as shops, restaurants etc.
Given the...
- 2 Replies
- 2607 Views
-
Last post by TropicalExpat
Sun, 12 Jul 2020 2:08 pm
-
-
Main tenant cheats on Rental Relief
Replies: 1
First post
I'm a Singapore PR. I'm sub-renting a HDB owned shop from a main tenant. All was good for the first year and when we renewed for second year, we...
Last post
If you are not renewing in March 2021, formal notice should be served in Jan 2021.
If you prematurely terminate your tenancy, by right you are...
- 1 Replies
- 3833 Views
-
Last post by tt1973
Mon, 24 Aug 2020 9:37 am
-
-
Tax resident and double tax for working remotely in Singapore
Replies: 9
First post
Hi my friend is currently on Dependant Pass, works remotely for a HK company, get paid in HKD to his bank account in Hong Kong. We would like to...
Last post
Mal, that's basically exactly what we do, in addition to sweeping out the obvious trash. We also do some sleuthing when we have time. Often times by...
- 9 Replies
- 13065 Views
-
Last post by sundaymorningstaple
Tue, 15 Feb 2022 6:39 pm
-
-
Tax & licensing questions
Replies: 1
First post
Hi, I'm intending to start an e-commerce business using ebay. I've never done one before, hence I would like to ask some questions regarding this...
Last post
You changed your post. Previously, you had specific questions. What happened?
- 1 Replies
- 1599 Views
-
Last post by Myasis Dragon
Thu, 18 Jun 2020 10:58 pm
Users browsing this forum: No registered users and 3 guests