Tax woes.....

[pco27]

The company i work for paid for airfare and accommodation in a hotel for the first 6 weeks before i found my own place, which they now also pay for!!! (sounds great eh...).

Now that it is "tax" time the company wants me to pay tax on the airfare, the hotel, and all the rent of the appartment!!!

I'm wondering if this is standard practice over here? seems a little over the top. Any advice would be appreciated or perhaps a good tax accountant you can refer.

cheers

[sundaymorningstaple]

The fact that you received something with monetary value not amounting to a gratuity/gift but directly attributable to the production of income for your employer would mean that it's taxable. Not sure where you come from but most countries would consider car allowances, housing allowances, airfares, home-leave payments as a form of income and therefore taxable. No they are not over the top. You just seem a bit naive and also failed to do your due diligence before accepting a overseas job assignment.

Don't feel bad however, you are not alone. Just have a read through these forums pages!

http://www.iras.gov.sg/ESVPortal/resour ... nefits.pdf

[AdamC]

God bless

sleep well dude