income tax

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sunar4e: Newbie; Posts: 5; Joined: Sun, 09 Nov 2008 9:28 pm

income tax

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Post by sunar4e » Thu, 20 Nov 2008 5:40 am

hello all,

my question is: do i have to pay tax on my first 30k in my first year in singapore, or it is tax free?

thanks in advance

Strong Eagle: Moderator; Posts: 11758; Joined: Sat, 10 Jul 2004 12:13 am; Answers: 11; Location: Off The Red Dot; Contact:
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Post by Strong Eagle » Thu, 20 Nov 2008 7:37 am

Read it for yourself.

http://www.iras.gov.sg/irasHome/page.aspx?id=230

The Mankind Project - Changing the world one man at a time.

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sundaymorningstaple: Moderator; Posts: 40554; Joined: Thu, 11 Nov 2004 1:26 pm; Answers: 21; Location: Retired on the Little Red Dot

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Post by sundaymorningstaple » Thu, 20 Nov 2008 11:55 am

The short answer is yes. You will be taxed if you earn 30K in the first year. You are only allowed to earn up to 20K without incurring a tax liability.

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

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