do i have to pay taxes when i move to singapore?

urban_designer · Post by **urban_designer** » Mon, 09 May 2011 9:33 pm

folks,
i am an american, moving to singapore in august for a year or more. i will be working for a spanish company there, so all my money will come directly from madrid. will i have to pay singapore taxes??

Post by **Strong Eagle** » Mon, 09 May 2011 10:31 pm

Probably not, unless Spain has no reciprocal tax treaty. Your company really ought to pay you in Singapore. Personal tax rates are low. And I know that you already know that you get to pay US income tax on anything over and above the earned income exclusion.

beppi · Post by **beppi** » Tue, 10 May 2011 10:37 am

Any income from work performed in Singapore is taxable here (no matter where and how it is paid).
So: Yes, you will have to pay tax in Singapore.

(Ignore previous post by Strong Eagle: He's wrong here!)

Whether you have to pay tax elsewhere (USA, Spain) depends on that county's rules and possibly double taxation agreements between that country and Singapore. You should check those!

Post by **sundaymorningstaple** » Tue, 10 May 2011 11:58 am

beppi is correct. And Strong Eagle is correct on the US tax side. US Citizens are taxed on their world wide income. There is no tax treaty with Singapore so you will only have the income earned abroad exclusion to offset a pretty healthy chunk of the income. (However, be aware that any excess income over the exclusion will be taxed at whatever rate it would have been had there been no income excluded.)

Asdracles · Post by **Asdracles** » Tue, 10 May 2011 2:44 pm

Spain has just signed the double taxation exception just one month ago. Just Google about the last visit of Spanish President Zapatero to Singapore last month

Post by **sundaymorningstaple** » Tue, 10 May 2011 3:00 pm

It doesn't matter what Spain does as the employee is a US citizen and doesn't work in Spain, but in Singapore.

JayCee · Post by **JayCee** » Tue, 10 May 2011 3:10 pm

Exactly. I would have thought this is obvious, if you live and work in Singapore then you have to pay taxes, it doesn't matter where you or your employer are from

Saint · Post by **Saint** » Tue, 10 May 2011 4:37 pm

JayCee wrote:Exactly. I would have thought this is obvious, if you live and work in Singapore then you have to pay taxes, it doesn't matter where you or your employer are from

Unless you are Singaporean and working for an oversea's company!

Asdracles · Post by **Asdracles** » Tue, 10 May 2011 9:42 pm

sundaymorningstaple wrote:It doesn't matter what Spain does as the employee is a US citizen and doesn't work in Spain, but in Singapore.

SORRY!

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Post by **sundaymorningstaple** » Tue, 10 May 2011 10:11 pm

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do i have to pay taxes when i move to singapore?

do i have to pay taxes when i move to singapore?

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