Singapore Expats

Urgent Help Needed..

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
MYLeung
Newbie
Newbie
Posts: 5
Joined: Wed, 13 Feb 2008 11:49 am

Urgent Help Needed..

Post by MYLeung » Wed, 13 Feb 2008 11:53 am

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
Newbie
Newbie
Posts: 5
Joined: Wed, 13 Feb 2008 11:49 am

Post by MYLeung » Wed, 13 Feb 2008 12:44 pm

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 ...

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40423
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

Post by sundaymorningstaple » Wed, 13 Feb 2008 1:44 pm

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
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

MYLeung
Newbie
Newbie
Posts: 5
Joined: Wed, 13 Feb 2008 11:49 am

Post by MYLeung » Wed, 13 Feb 2008 2:15 pm

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
Newbie
Newbie
Posts: 5
Joined: Wed, 13 Feb 2008 11:49 am

Post by MYLeung » Wed, 13 Feb 2008 2:17 pm

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..

User avatar
durain
Director
Director
Posts: 3666
Joined: Thu, 23 Aug 2007 8:15 pm
Location: Location: Location: Location:

Post by durain » Wed, 13 Feb 2008 8:19 pm

are you an accountant? :wink: :P

MYLeung
Newbie
Newbie
Posts: 5
Joined: Wed, 13 Feb 2008 11:49 am

Post by MYLeung » Wed, 13 Feb 2008 8:57 pm

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..

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 1 guest