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How much tax will I have to pay?

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

kaushal_n_shah
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How much tax will I have to pay?

Postby kaushal_n_shah » Thu, 30 Nov 2006 8:57 am

I recently have been offered a job from a company in Singapore. I will be on a 2 year contract.

As per my understanding for six months I will be considered as Non-Resident and will be taxed based on 15% flat rate.

Once I complete my stay of 183 days in Singapore I wil be taxed based on Resident taxation system (2 to 28%).

The above understanding is correct or as per two year contract I will be taxed as per Resident taxation system (2 to 28%) right from the first day.

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jpatokal
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Re: How much tax will I have to pay?

Postby jpatokal » Thu, 30 Nov 2006 2:55 pm

kaushal_n_shah wrote:I recently have been offered a job from a company in Singapore. I will be on a 2 year contract.

As per my understanding for six months I will be considered as Non-Resident and will be taxed based on 15% flat rate.

Once I complete my stay of 183 days in Singapore I wil be taxed based on Resident taxation system (2 to 28%).

The above understanding is correct or as per two year contract I will be taxed as per Resident taxation system (2 to 28%) right from the first day.

I believe you will be taxed only as a resident.
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