Singapore Expats Forum

Housing allowance - taxable or not?

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

MandarinFish
Newbie
Newbie
Posts: 10
Joined: Thu, 01 May 2008

Housing allowance - taxable or not?

Postby MandarinFish » Thu, 01 May 2008 8:18 pm

This is probably a stupid question and I imagine the answer is 'yes', but as I'm in the process of negotiating a package to relocate to Singapore from the UK, could somebody please tell me whether housing allowance is taxable or not?
Many thanks in advance

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34778
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Fri, 02 May 2008 12:12 am

Yes it is. As well as any other in-kind benefits you may receive as well.

MandarinFish
Newbie
Newbie
Posts: 10
Joined: Thu, 01 May 2008

Postby MandarinFish » Fri, 02 May 2008 4:33 pm

Thanks for clarifiying that. Makes my negotiations a little less complicated. :)

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34778
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Sat, 03 May 2008 12:02 am

For clarification purposes, I'm assuming you are talking about the Singpapore Tax Structure and not the UK (I don't know anything about UK taxes.)

MandarinFish
Newbie
Newbie
Posts: 10
Joined: Thu, 01 May 2008

Postby MandarinFish » Sat, 03 May 2008 4:19 pm

Yes I am - many thanks

przemek
Newbie
Newbie
Posts: 4
Joined: Wed, 18 Jun 2008

But what rate is it taxed at?

Postby przemek » Wed, 18 Jun 2008 3:12 am

Fringe Benefits
Employer-provided fringe benefits are taxed in the employee's hands. As a number of benefits are taxed on a concessionary basis (e.g. housing) in Singapore, it is possible to reduce an individual's tax liability through appropriate structuring of his/her remuneration package.

What is this concessionary rate? Does it apply to education allowance, post differential?

We are planning to send someone to Singapore for a couple of years but wanted to make sure we calculate the tax on benefits right...

przemek
Newbie
Newbie
Posts: 4
Joined: Wed, 18 Jun 2008

This would apply to a U.S. professional

Postby przemek » Wed, 18 Jun 2008 3:21 am

This would apply to a U.S. professional --> all tax issues

bruinbear
Regular
Regular
Posts: 125
Joined: Sun, 15 Jun 2008
Location: Singapore

Postby bruinbear » Wed, 18 Jun 2008 10:39 pm

See the taxman's website on how they tax accommodation in Singapore.

http://www.iras.gov.sg/irasHome/page03.aspx?id=1758

przemek
Newbie
Newbie
Posts: 4
Joined: Wed, 18 Jun 2008

Thank you

Postby przemek » Thu, 19 Jun 2008 7:33 am

Thank you - very helpful

AmandaStClaire
Newbie
Newbie
Posts: 2
Joined: Mon, 30 Jun 2008
Location: Singapore
Contact:

US tax

Postby AmandaStClaire » Mon, 30 Jun 2008 11:24 am

Amanda,

If you are going to try to advertise or solicite business in this forum, you really must be a little more creative than that. This thread is about a guy in the "UK"coming to Singapore and this was clarified in the very beginning of this thread.

I hope you are a wee bit more diligent in your checking of your client's data if you are, as you claim, a tax preparer. It definitely does not show attention to detail does it.

So, if you want to advertise, please do so in the Classified section of this site. It's free and it's not in violation of this forum's no advertising or solicitation policy.

Further attempts at thinly veiled solicitation in the forum will result in your account being locked.

moderator
Amanda St. Claire


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest