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How to retain my P.R. status if i am working overseas?

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
stiwi
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Postby stiwi » Sat, 20 Apr 2013 6:17 pm

sundaymorningstaple wrote:stiwi, that makes sense. Even though you are "retired" if you can show you receive remuneration from dividends, director's fees and even rental income, I reckon that would satisfy MOM and/or ICA. Your REP would not be any concern to IRAS, aside from giving up your PR, which at that point, an IR-21 (Tax Clearance) would have to be filed and you may or may not have any taxable income to declare.


This is my understanding as well. Despite you do not have to declare dividends on personal tax assessment, you still get dividend resolution document stating dividend amount received from the company, which might be enough for PR renewal.

I understand that once you are over 55 they will renew your REP indefinitely without question?

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Postby sundaymorningstaple » Sat, 20 Apr 2013 6:34 pm

As I said originally, that was the impression I was given by the ICA officer at my last 10 year renewal. But, of course, she knew she was talking to a PR with Family Ties, so that is why I cannot confirm to pertains to both types of PR. I didn't think to ask as I was just so relieved to know I wouldn't have problems in 2015.

The problem with the PTS scheme is it is made for those who can contribute to the knowledge base of the country. Once they stop contributing? I just don't know.

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Postby offshoreoildude » Sun, 21 Apr 2013 9:34 am

sundaymorningstaple wrote:As I said originally, that was the impression I was given by the ICA officer at my last 10 year renewal. But, of course, she knew she was talking to a PR with Family Ties, so that is why I cannot confirm to pertains to both types of PR. I didn't think to ask as I was just so relieved to know I wouldn't have problems in 2015.

The problem with the PTS scheme is it is made for those who can contribute to the knowledge base of the country. Once they stop contributing? I just don't know.


My view is that we are just getting to the point where PR's are starting to retire and we'll see some test cases coming up soon enough.

IF you are trying to retire as a PR and have input I know we'd all like to know how it went. For me I've always assumed it won't be possible.
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stiwi
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Postby stiwi » Sun, 21 Apr 2013 9:53 am

offshoreoildude wrote:My view is that we are just getting to the point where PR's are starting to retire and we'll see some test cases coming up soon enough.

IF you are trying to retire as a PR and have input I know we'd all like to know how it went. For me I've always assumed it won't be possible.


Long live SMS :)
If I would decide to retire in SG though I am not sure why wouldn't I apply for SG citizenship and renounce the current one.

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Postby sundaymorningstaple » Sun, 21 Apr 2013 12:08 pm

stiwi wrote:
offshoreoildude wrote:My view is that we are just getting to the point where PR's are starting to retire and we'll see some test cases coming up soon enough.

IF you are trying to retire as a PR and have input I know we'd all like to know how it went. For me I've always assumed it won't be possible.


Long live SMS :)
If I would decide to retire in SG though I am not sure why wouldn't I apply for SG citizenship and renounce the current one.


I like that sentiment as well! :D

However, I get different vibes over the SG citizenship. I wonder, at what point one would make that commitment ? I mean, look at it from the gahmen's perspective. What benefit would me taking up PR be to the gahment after I can no longer "contribute" to the economy or 'cannon fodder' to the military? Wouldn't make sense for them to give me citizenship at 66 would it? I mean, what would be the rationale in doing that at a time when health problems will start showing up. It may be they would see it a just a way to get further subsidies for health care in the waning days of my existence.

Would make better sense to just let me keep my PR indefinitely, from an economic point of view of the gahment. Just sayin'......

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Postby hotshot » Tue, 30 Apr 2013 11:04 am

what about the situation like this ... this guy left sg for past few years and his
PR is going to expire say 6 months later. now he decides to come back SG and get a job. when he needs to review his PR , he only has 6 months employment history in SG and he can't provide income tax statements for previous 3 years. what is the chance of getting his visa renewal?
:roll:

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Postby Barnsley » Tue, 30 Apr 2013 12:10 pm

hotshot wrote:what about the situation like this ... this guy left sg for past few years and his
PR is going to expire say 6 months later. now he decides to come back SG and get a job. when he needs to review his PR , he only has 6 months employment history in SG and he can't provide income tax statements for previous 3 years. what is the chance of getting his visa renewal?
:roll:


From reading previous posts, he needs to get a job and build up his tax returns then applies once he meets whatever the current criteria is at the time.

As long as he doesnt leave Singapore after his current REP expires then he doesnt have any issues from what I have read.
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Postby sundaymorningstaple » Tue, 30 Apr 2013 1:34 pm

Zero.

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Postby gonzales » Tue, 30 Apr 2013 2:07 pm

Mad Scientist wrote:@aloycious, there is no way to retain your REP /PR Status unless you pay tax here for the last three years of your five years REP and contributing to your CPF . Unless you have been on a company assignment overseas and your local company has stated this to that effect to ICA then only then your REP will be renewed. You still has to file in your tax return in SG too while you are away.
My wife REP just got revoke even though I am a local . She had the PR for more than 15 years but we have not been living here for the past five years. No income tax to file nor any income derive here hence no renewal.
We understand that it will come this. So if you think of trying to circumvent this law, think again.


Hi Mad Scientist,
in your wife's case her PR was revoked rather than her surrendering it.
I hope you don't mind me asking but was your wife able to subsequently withdraw her CPF contributions in full?

Can you advise how that process went?

thanks.

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Postby sundaymorningstaple » Tue, 30 Apr 2013 4:04 pm

gonzales wrote:
Mad Scientist wrote:@aloycious, there is no way to retain your REP /PR Status unless you pay tax here for the last three years of your five years REP and contributing to your CPF . Unless you have been on a company assignment overseas and your local company has stated this to that effect to ICA then only then your REP will be renewed. You still has to file in your tax return in SG too while you are away.
My wife REP just got revoke even though I am a local . She had the PR for more than 15 years but we have not been living here for the past five years. No income tax to file nor any income derive here hence no renewal.
We understand that it will come this. So if you think of trying to circumvent this law, think again.


Hi Mad Scientist,
in your wife's case her PR was revoked rather than her surrendering it.
I hope you don't mind me asking but was your wife able to subsequently withdraw her CPF contributions in full?

Can you advise how that process went?

thanks.


You have misread MS's post. It was her REP that was revoked (e.g., not renewed hence revoked as she was already out of the country). If in Singapore, she would not have lost her PR as long as she didn't leave the country even though the REP has expired. You do not need an REP to stay in Singapore, but you need one in order to leave and come back.

The CPF is her money. There would be no issue in withdrawing the CPF as the government cannot hold it unless there has been income tax evasion. The CPF will be deposited into the back of her choice within 10 bank business days, any where in the world.

Alternatively, she can just let it sit there and continue to draw interest until such time as she wants/needs it.

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Postby gonzales » Tue, 30 Apr 2013 4:17 pm

Thanks SMS.

That was my next question regarding leaving it sit there to grow.


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