Tax

[Cuchu]

How is the process of paying 1-year's income tax and when is it usually?
Am still new in the country...

[Carpe Diem]

Normally your company is holding every month what they expect you to pay. And you will receive next year (before March) an income tax form/IRAS PIN letter (Electronic Filing letter), which has to be returned by April if I am correct.

More on http://www.iras.gov.sg/ESVPortal/Home/index.asp

[SPTS]

Hi,

Singapore imposes tax on the preceding calendar year basis. Therefore, if you exercise employment in Singapore in year 2005, your employment income earned in respect of your Singapore employment in year 2005 will be taxed in year 2006. The government will issue a tax return (Form B1/M) or Efiling PIN to you around Feb/March 2006. You are required to complete and file your tax return to the IRAS not later than 15 April 2006. Thereafter, you will receive a notice of assessment from the IRAS. You can then either settle your tax within 1 month from the issue date of the assessment notice or opt to pay the tax by monthly instalments. The instalment plan will stretch up to April 2007.


There is no monthly withholding tax requirement on your employment income. However, as a foreign employee, when you are ceasing employment in Singapore, your employer is required to withhold all monies due to you for tax clearance purpose. You are required to clear and settle all your taxes when you cease employment in Singapore. No instalment payment will be allowed.

[riversandlakes]

I'm waiting for the IRAS to send me notice of how much tax I owe them for been working less than 183 days this year?

[SPTS]

Hi,

If your ex-employer has filed a tax clearance notice (Form IR21) to report your employment income earned for this year up to cessation date of your Singapore employment with the company, and you have not received your notice of assessment within 1 month's time, I will suggest that you contact IRAS at (65) 63568300 to check the status.
If there is a change in your mailing address, you need to notify IRAS.

[riversandlakes]

1 month's time from when? End of calendar year, i.e. 31Jan2006?

and you have not received your notice of assessment within 1 month's time, I will suggest that you contact IRAS at (65) 63568300 to check the status.
If there is a change in your mailing address, you need to notify IRAS.

[SPTS]

Hi,

It is one month after your ex-employer has filed the Form IR21.