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taxation in singapore

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citrix1234
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taxation in singapore

Postby citrix1234 » Sun, 27 Feb 2011 3:47 am

hi

for a monthly salary of 5000 dollars , whats the tax deducted if

1) i am a foreigner working in singapore for more that 1 month

2) if i am an PR in singapore

are there any other amounts deducted like social security or other things ?

what will be a cost of a medical insurance for spouse and two children.
regards
citrix

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Postby Strong Eagle » Sun, 27 Feb 2011 7:44 am

For income tax questions, check here.

http://www.iras.gov.sg/irasHome/page01.aspx?id=86

Tax tables here.

http://www.iras.gov.sg/irasHome/page04.aspx?id=1190

For $5000 per month you would pay a yearly tax of something under $2000.

CPF rates are 36 percent, 20 percent employee, 16 percent employer, capped at a maximum of $5000 income per month. So, under your example, you'd put $1000 into your account each month, leaving you with a take home of $4000.

There are no other taxes related to income.


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