Hi
I will be moving to singapore soon and would like to know if i were to transfer my money over to a singapore bank account, how much taxes/duties will i be charged?
Is there a restriction in singapore on how much money we can transfer from america into a singapore bank account?
I tried browsing through IRAS website on the amount of taxes they will charge for transfering a sum of money in but they did not have any information on their web on it.
In any case that taxes are applicable, will the singapore bank that i transferred the money to, assist me in reporting the taxes to IRAS on my behalf or will I have to do it myself?
Thanks alot.
Ed.