Urgent Help Needed..

[MYLeung]

My company is going to send me to station in Singapore.. ya.. all year around.. (I am from Hong Kong)

I have checked the info. on the web and there's a saying that "employer-provided fringe benefits e.g. housing" can be exempted from individual income tax.. or can enjoy concessionary rate..

Is that true? and How?

Any law or ordinance that I can refer to?

Many Thanks.

[MYLeung]

To make it more specific, I want to know whether it's Ok to claim tax exemption if the rent I pay is re-imbursed by my HOng Kong employer, or even paid by my Hong Kong emloyer directly?

Many Thanks ...

[sundaymorningstaple]

Start here (from an Employers perspective).

http://www.iras.gov.sg/irasHome/page03. ... 8#employee

work backwards if you want other types of information

or start here (from an Employees perspective):

http://www.iras.gov.sg/irasHome/page03.aspx?id=184

[MYLeung]

oh.. thanks a lot..

very clear info... and it means... there's NO WAY to enjoy any concession..

but why some "consulting firms" mention that on their web-sites?

[MYLeung]

by the way, just got another thought..

in the web-site, it mentions..

7.) Employee signs a rental agreement but asks employer to pay landlord the rent : Taxable

This is like a housing allowance paid. The agreement between the employee and the landlord will not affect the tax treatmen

What if .. it's the company in hong kong signing the rental agreement with the landlord directly.. and it's just like a quarter provided to the employee to live in..

any idea on that?

thanks..

[durain]

are you an accountant?

[MYLeung]

no.. i am just an employee.. thinking whether i should accept the offer of being seconded to singapore..

u know, the tax in singapore seems to be much higher than that in hong kong..