MOM EP - how if the salary is in foreign currency ???

[fx8fx]

MOM EP application

- how if the salary is in foreign currency ???

what kind of exchange rate is applied to get the S$ amounts ?


Tks

[sundaymorningstaple]

MOM EP application

- how if the salary is in foreign currency ???

what kind of exchange rate is applied to get the S$ amounts ?


Tks

Call the bank and ask for the current exchange rate or look in the Newspaper. If your salary is that close to the difference in EP's e.g., P1, P2, Q or S then and only then would you have any problem (doubtful at any rate). Another way is to visit the IRAS website and find the average Exchange Rate quoted there for the previous year (if acceptable by Inland Revenue then probably acceptable by MOM).


sms