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Non Resident Tax Status and Paying Tax...

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Canadajim
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Non Resident Tax Status and Paying Tax...

Post by Canadajim » Fri, 25 Jun 2010 3:31 pm

Hi,

I am looking at tax rates and note that if my contract goes through with my company, I will be in Singapore for less than 183 days for this tax year (2010) Therefore I will be liable for the 15% NR tax rate on my income.

I note that if you are in the country for less than 60 days you are not liable for any tax.

This sounds way too simple to me, but if you leave the country every 60 days (for a min period of time?) can you avoid paying NR tax? I find it hard to believe that people just pop over to Malaysia for a weekend to do this but what is the bottom line on this regulation?

I understand that once in the country for >183 days you are a resident for tax purposes and therefore only pay resident tax rates ($7800 on $105K sounds good to me!)

Thanks.

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Saint
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Post by Saint » Fri, 25 Jun 2010 4:06 pm

Less than 60 days in any Tax year

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sundaymorningstaple
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Post by sundaymorningstaple » Fri, 25 Jun 2010 4:51 pm

Also, even if you are here less than 183 days the first year, if you exceed 183 consecutive days across the first & second year you will only be charged at resident rates. The first year will be charged at resident rates if you are on an Employment pass that is valid for at least 12 months across the first & second year. Otherwise you will have to pay the 15% tax and once you have been here 183 days across the two year bridge you can then file an amended return and they will refund via GIRO deposit back the difference in taxes paid.

Saint already gave you the answer on the 60 days.
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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