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REP Renewel - No Income Tax Notice of Assesment.

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natalia8242
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REP Renewel - No Income Tax Notice of Assesment.

Postby natalia8242 » Tue, 07 Sep 2010 11:10 am

Hi.. I am new in this forum and would like to seek advice regarding my REP renewel.

My REP will expiry on May 2010 and I have been working with the same company since my PR application was granted.

One of the documents I need to produce for REP renewel is the Income Tax Notice of Assessment which I don't have because my salary is below $22K. Would it be a problem if I cant produce the Tax Notice of Assessment ? What should I do ? Would my REP renewel be rejected because of that ?

Thank you...

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Re: REP Renewel - No Income Tax Notice of Assesment.

Postby singaporeflyer » Tue, 07 Sep 2010 11:20 am

natalia8242 wrote:Hi.. I am new in this forum and would like to seek advice regarding my REP renewel.

My REP will expiry on May 2010 and I have been working with the same company since my PR application was granted.

One of the documents I need to produce for REP renewel is the Income Tax Notice of Assessment which I don't have because my salary is below $22K. Would it be a problem if I cant produce the Tax Notice of Assessment ? What should I do ? Would my REP renewel be rejected because of that ?

Thank you...


Even though your salary <22k, you should have filed your returns and IRAS should have sent you an assessment saying no tax to be paid?

Are you making CPF contributions regularly?

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Postby natalia8242 » Tue, 07 Sep 2010 11:40 am

@singaporeflyer
I have never received any letter from IRAS. I did ask one of the staff there and when he knew my salary is <22k, he told me I can't get the assesment, plus I didnt receive any letter from IRAS. Any advice ?

Yes, I contribute CPF regularly. May I know the contribution rate for 3rd year onward ? Currently, mine is 19%, but the IRAS calculator shows 20%, and the printed copy of contribution rate I got from a friend, shows 21%. Which is the correct one ?

Thank you

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Postby sundaymorningstaple » Tue, 07 Sep 2010 12:22 pm

All you need to do is get a printout of your Cpf contributions for the preceding three years and you should be good to go. Or go to HR and ask for a copy of your IR8As (you should already have one). If your company is already on the auto-inclusion programme (should be by now) you might not have gotten a copy, but they can easily print out one from their payroll system. Between the IR8A and the CPF statements, you should be good to go.

sms

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Postby singaporeflyer » Tue, 07 Sep 2010 12:23 pm

natalia8242 wrote:@singaporeflyer
I have never received any letter from IRAS. I did ask one of the staff there and when he knew my salary is <22k, he told me I can't get the assesment, plus I didnt receive any letter from IRAS. Any advice ?

Yes, I contribute CPF regularly. May I know the contribution rate for 3rd year onward ? Currently, mine is 19%, but the IRAS calculator shows 20%, and the printed copy of contribution rate I got from a friend, shows 21%. Which is the correct one ?

Thank you


If you did not receive any notification to file a tax return and your Singapore income for the previous year is $22,000 or more, you need to submit a tax return.

I was wrong in my previous quote. This is from IRAS :?
Last edited by singaporeflyer on Tue, 07 Sep 2010 12:25 pm, edited 1 time in total.

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Postby sundaymorningstaple » Tue, 07 Sep 2010 12:24 pm

All are correct. Depending on your income levels, the rates you contribute and they employer contributes are different. These also change if your were a new PR as for the first 2 years your CPF contribution rates are greatly reduced, only reaching the normal rates in the 3rd year of PR.

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Postby natalia8242 » Tue, 07 Sep 2010 1:14 pm

@sundaymorningstaple
Yes, I have IR8S for the past 4 years. Hope the IR8S would do to replace the Income Tax Assesment. Is there any min. salary required for renewing REP ? If I'm not wrong, to apply S Pass, there's a min. salary.

Is 19% the normal rate for 3rd year PR ?


@singaporeflyer: is ok :) thank you for your reply though.

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Postby sundaymorningstaple » Tue, 07 Sep 2010 2:28 pm

natalia8242 wrote:@sundaymorningstaple
Yes, I have IR8S for the past 4 years. Hope the IR8S would do to replace the Income Tax Assesment. Is there any min. salary required for renewing REP ? If I'm not wrong, to apply S Pass, there's a min. salary.

Is 19% the normal rate for 3rd year PR ?


@singaporeflyer: is ok :) thank you for your reply though.


3rd years PR rates are the same as regular citizen rates.

The new CPF rates cannot be answered that easily as they are graduated depending on your salary in any given month. Additionally, the lower your salary, the lower your percentage of contribution and the higher your employers rate of contribution. Also your age is as factor as well. So if you earn, say, $1000/mo and you are, say 26 years old, then your contribution (deduction) would be $180 or 18% (and not 20%). while the employers contribution would be $145 for a total of $325 or 32.5%

By the same token, if you earned $1900/mo your CPF contribution would be $380 or 20% rate. with a total contribution of 34.5%.

On the other hand, if you are 55 years old, and you earned 1200/mo your contribution would be $205 or 17%.

It's best to get a copy of your IR8A's or IR8S and you'll be okay.

sms


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