Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
-
Tofer
- Newbie
![Newbie Newbie]()
- Posts: 2
- Joined: Wed, 03 Sep 2008 8:53 pm
-
Quote
-
0
login to like this post
Post
by Tofer » Wed, 03 Sep 2008 8:58 pm
I am negociating a salary with my employer who is offering me a job in Singapore. I will have a local contract. As I will have an Employment Pass, I will not pay for the CPF. So my question is: what will be then the difference between my gross salary vs. my net salary (in %) ?
-
Hithnar
- Regular
![Regular Regular]()
- Posts: 88
- Joined: Wed, 23 Jul 2008 6:48 am
-
Quote
-
0
login to like this post
Post
by Hithnar » Wed, 03 Sep 2008 10:52 pm
That heavily depends on what country are you coming from, and if your country has a deal with Singapore to avoid double taxation. Even on EP, you still pay taxes in Singapore, but you don't have to pay any taxes on income generated outside Singapore. If you are one of the few un-lucky ones with no deal about taxes - you will pay the Singaporean tax and the tax for your country. Second option: you pay them both, but in the end you will pay just the highest sum (that's my case

). If you are lucky, you pay just the Singaporean tax. More details :
http://www.iras.gov.sg/irasHome/page01.aspx?id=88
-
Strong Eagle
- Moderator
![Moderator Moderator]()
- Posts: 11744
- Joined: Sat, 10 Jul 2004 12:13 am
-
Answers: 11
- Location: Off The Red Dot
-
Contact:
-
Quote
-
0
login to like this post
Post
by Strong Eagle » Thu, 04 Sep 2008 8:17 am
There is no official withholding of income tax in Singapore but many companies do implement a withholding system for EP's because they would have responsibility for unpaid taxes.
You will pay no CPF. There are no deductions at all for an EP unless your company withholds income tax for you, which at around $100,000 would be about 9 percent in the aggregate.
There are only two countries that I am aware of that attempt to double tax income. Of these, the US is the biggest hassle for US expats. I've not heard an expat from any other country needing to worry about double taxation (please let me know if there are others).
If you do have such a worry you should attempt to negotiate the double tax amount as well.
-
Tofer
- Newbie
![Newbie Newbie]()
- Posts: 2
- Joined: Wed, 03 Sep 2008 8:53 pm
-
Quote
-
0
login to like this post
Post
by Tofer » Thu, 04 Sep 2008 10:06 pm
I am currently working in France and there is a fiscal agreement between France & Singapore, so I won't have to pay my revenue taxes in both countries. I guess now the monthly taxes will depend on how much my company will take for my health coverage (big US firm that should have a private health plan for PE workers in Singapore). That will be part of my negotiations.
Thanks for your replies

-
-
Converting abroad monthly salary in previous job details (PR application)
Replies: 2
First post
Hello,
Can anyone suggest how to indicate monthly salary of previous job outside Singapore in India, conversion rate to be used to indicate in SGD....
Last post
Just go to and look up the conversion rates India : Singapore for the end of year in question. Eazy-peazy. No need to note it as if they want to...
- 2 Replies
- 3056 Views
-
Last post by sundaymorningstaple
Wed, 20 Jan 2021 6:42 pm
-
-
Dreamworld faces charges over killer ride
Replies: 1
First post
I remembered reading this in 2016..I wonder if people still patronise them after such a horrific incident.
Do you remember this news?
Last post
yes. As a control systems engineer and Australia I was horrified and ashamed that it had happened.
- 1 Replies
- 1726 Views
-
Last post by PNGMK
Tue, 21 Jul 2020 6:03 pm
-
-
Redmart now charges for delivery
Replies: 1
First post
Sly one...saw the rates from $2.99- $5.99...although my total was $600...sigh. No value-added service might go back to NTUC.
Last post
Sly one...saw the rates from $2.99- $5.99...although my total was $600...sigh. No value-added service might go back to NTUC.
You may as well just...
- 1 Replies
- 2341 Views
-
Last post by Lisafuller
Mon, 20 Jun 2022 11:19 pm
-
-
Do i need to pay 1 monh's salary if i cancel my EP application
Replies: 1
First post
Company A applied a working pass for me for a permanent position. But the pass is pending for 6 weeks already.
Now, Company B offered me a job and...
Last post
Contracts for Foreign Employees are not valid until such time as the relevant pass has been issued. They can try, but just tell the employer if they...
- 1 Replies
- 1660 Views
-
Last post by sundaymorningstaple
Sun, 27 Sep 2020 3:19 am
-
-
PR Application - Basic Salary and Gross Salary
Replies: 1
First post
Hi All,
Can someone advise on the difference between Basic Salary and Gross Salary? I am in the midst of filling in the PR Application Form and I...
Last post
This is for Annex A right?
Very simple.
Basic = Basic
Gross = Basic + Fixed monthly allowances
No need to mention bonus / any variable allowances...
- 1 Replies
- 13873 Views
-
Last post by BananZ
Wed, 26 Aug 2020 10:38 pm
Users browsing this forum: No registered users and 38 guests