Singapore Expats Forum

Ep rejected, why???

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

bluenose
Chatter
Chatter
Posts: 207
Joined: Wed, 09 Jul 2008

Postby bluenose » Sun, 20 May 2012 9:31 am

My company as I say is in the same business as yours.....and MOM are not stupid as SMS says....if I can see you are trying purely to beat the system, pay little tax and stay here.....pretty sure they can see it too!

Salary far too low....be a bit more honest, pay your taxes for staying in a well organised country and possibly they would not be so pissed off??

Employ real locals instead of sub contract expats??

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34797
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Sun, 20 May 2012 12:08 pm

+1

Spot on.

Of course, if he didn't declare as dividends, then the company would have paid taxes, which would have been okay, but without the "spend" it's still debatable whether it will fly or not. I expect to see a lot of "Entrepass" companies wound up this year as well as EP rejected because of people trying to abuse the intent of the Pass.

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10844
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Sun, 20 May 2012 1:35 pm

sundaymorningstaple wrote:+1

Spot on.

Of course, if he didn't declare as dividends, then the company would have paid taxes, which would have been okay, but without the "spend" it's still debatable whether it will fly or not. I expect to see a lot of "Entrepass" companies wound up this year as well as EP rejected because of people trying to abuse the intent of the Pass.


Not quite right. Dividends can only come out of profits. New companies in Singapore get a very significant tax break for the first three years. Thus, there is no corporate tax paid on the profits and if the employees take dividends in lieu of salary or directors fees, there is no personal tax paid either.

I have written in many posts through the years that people who do this are playing with fire when it comes to the gahmen. Employees should be paid in accordance with their work skills and value.

$8K is OK for a salary, but if the OP is also taking another 8 to 10 K in dividends as well, the red lights start to flash. OP, I don't have all the details about your company but I'd bet money that your EP rejection IS about how you run your company financially. Because, otherwise, holding real clients, and having contracts in hand has gotten lots of the exactly the EP you are trying to obtain, in exactly the same manner.

As a closing thought, I am aware of a PR who played this game for years... paying virtually zero tax in either his company or personal tax. Time to renew REP - no renewal.

lordligan
Newbie
Newbie
Posts: 7
Joined: Thu, 17 May 2012

Postby lordligan » Mon, 28 May 2012 7:53 pm

I just found out that my EP has been approved. 8-) . I wish I could inform all of you what made the difference from my original application, but since i don't know we can only guess.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 3 guests