Singapore Expats

Fresh Graduate from U.S with 9 months working exp. HELP!

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
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scaven
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Fresh Graduate from U.S with 9 months working exp. HELP!

Post by scaven » Sat, 07 Jun 2008 11:37 am

Hi everyone! As you can see from my subject, I'm a fresh graduate with a supply chain management and international business degree. Recently, I got an offer from my company to be transferred over to Singapore. The offer is for $S51,100 p.a. What do you guys think of this pay? This offer is that I will be working from China most of the time. Will I get double taxation from China and Singapore?

What would the tax bracket for my pay in singapore be like?

Thank you.

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maneo
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Post by maneo » Mon, 09 Jun 2008 7:27 am

In China, income tax is based on income received in China (unless you are a China citizen or "permanent" resident ).
Income tax is computed and paid monthly by the payer (and withheld from salary).
http://www.worldwide-tax.com/china/china_tax.asp

In Singapore, generally overseas income is not taxable.
However, check the IRAS website for more complete info:
http://www.iras.gov.sg/irasHome/page01.aspx?id=88

Tax rates:
http://www.iras.gov.sg/irasHome/page03.aspx?id=1190


If you will be spending most of your time in China, you could live comfortably on that income.
It all depends on your lifestyle and expectations.

MikeDirnt
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Post by MikeDirnt » Thu, 12 Jun 2008 11:03 pm

51k is considered high for a fresh grad in here
Guides and information -> Singapore Stocks

bruinbear
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Post by bruinbear » Sun, 15 Jun 2008 10:26 pm

$51K includes bonuses? Is your package variable at all?

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