Singapore Expats

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

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.

Sponsored by:

Utrust Immigration
Post Reply
fx8fx
Chatter
Chatter
Posts: 162
Joined: Thu, 06 Oct 2005 6:58 pm

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

Post by fx8fx » Sat, 13 May 2006 3:46 am

MOM EP application

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

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


Tks

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40420
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

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

Post by sundaymorningstaple » Sat, 13 May 2006 12:29 pm

fx8fx wrote: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
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Relocating, Moving to Singapore”

Who is online

Users browsing this forum: No registered users and 3 guests