Need information on Tax

[sriram2929]

Hi,
I am on S Pass and I entered Singapore on July 30th,2013.

I resigned from my present employer to join another company in Singapore.I got my EP approved from the new employer and my joining date with them is on Jan 3rd,2013.

Today I got a letter from IRAS that 15% of my earnings are deducted towards tax.This 15% is because my stay in Singapore until now is not more than 180 days as of today.

But,I am not leaving Singapore.I will be working for another employer.

I am aware that one will be charged 15% if his/her stay is less than 180 days,but I thought I am not going to leave Singapore and so took the decision to change.

Will I get this amount as refund from IRAS once I complete my 183 days in Singapore?

Please let me know.

Thanks in advance.

[nutnut]

This will be equalised at the end of the year, you can appeal to IRAS now and they will probably not take the full amount and refund some.

I did this on my first year when I started late in the year.

There is an anouncement for Tax stuff here - http://forum.singaporeexpats.com/ftopic3445.html you should read their webpage and contact them directly.

[ecureilx]

...
Will I get this amount as refund from IRAS once I complete my 183 days in Singapore?

Please let me know.

Thanks in advance.

Nutnut is correct, almost !

You will never get any refund !! they will only offset it in the next year's tax .. if they have charged you in excess - will be denoted as something like "received in advance .. " or so ..

BTW, you cannot avoid the tax, the only thing you can escape is, if your employer is holding back your pay, you can get IRAS to advice the employer to release the salary, as you are still continuing employment here, so you can enroll on Giro ..

[nutnut]

They sent me a cheque to refund me squirrel, so I'm afraid you are wrong.

[ecureilx]

They sent me a cheque to refund me squirrel, so I'm afraid you are wrong.

Twice when I got caught in the same case, when switching job, I got letters saying "Our asssement is final" and then in the next year's tax, it was adjusted as 'received in advance .. ' .. I can dig up the old correspondence to quote the exact words ..

The only benefit I got was a note to the employer that there is no need to hold back the last month pay as I am in continued employment in Singapore..




And you are one of the lucky few who got a refund from IRAS and I am down the totem pole ..

[sriram2929]

They sent me a cheque to refund me squirrel, so I'm afraid you are wrong.

Twice when I got caught in the same case, when switching job, I got letters saying "Our asssement is final" and then in the next year's tax, it was adjusted as 'received in advance .. ' .. I can dig up the old correspondence to quote the exact words ..

The only benefit I got was a note to the employer that there is no need to hold back the last month pay as I am in continued employment in Singapore..




And you are one of the lucky few who got a refund from IRAS and I am down the totem pole ..

Thanks all for the replies.

So,Once I complete 183 days in Singapore, the tax will be adjusted in such a way that I don't have to pay for some duration.

Is there any action needed from my side now? As nutnut said,Do I need to appeal to IRAS? Can some one please let me know if something needs to be done from my side now?

[ecureilx]

Is there any action needed from my side now? As nutnut said,Do I need to appeal to IRAS? Can some one please let me know if something needs to be done from my side now?

If you wanna appeal .. look up the steps in the IRA site ..

it is somewhere there, among the appeal process.

Note the following though

Estimated Notice of Assessment – What should I do

You must make payment for the estimated tax within 30 days from the date of the Notice of Assessment even if you disagree with the estimated tax. Otherwise, your payment will be considered late and there will be penalties.

File your tax return (Form B1) immediately so that your estimated tax can be revised

[sriram2929]

Is there any action needed from my side now? As nutnut said,Do I need to appeal to IRAS? Can some one please let me know if something needs to be done from my side now?

If you wanna appeal .. look up the steps in the IRA site ..

it is somewhere there, among the appeal process.

Note the following though

Estimated Notice of Assessment – What should I do

You must make payment for the estimated tax within 30 days from the date of the Notice of Assessment even if you disagree with the estimated tax. Otherwise, your payment will be considered late and there will be penalties.

File your tax return (Form B1) immediately so that your estimated tax can be revised

My current employer already paid the taxes to the IRIS and they will be deducting the same amount from my last month Salary.I even got a letter from IRAS that they received that amount towards my tax.

I just want to know whether I need to ask IRAS (or raise a request) to adjust the tax later or will that be done automatically? I am not sure whether asking them this is called as claim or some other thing.

[ecureilx]

My current employer already paid the taxes to the IRIS and they will be deducting the same amount from my last month Salary.I even got a letter from IRAS that they received that amount towards my tax.

I just want to know whether I need to ask IRAS (or raise a request) to adjust the tax later or will that be done automatically? I am not sure whether asking them this is called as claim or some other thing.

From my experience and having switched jobs, it is done automatically ..

[sriram2929]

My current employer already paid the taxes to the IRIS and they will be deducting the same amount from my last month Salary.I even got a letter from IRAS that they received that amount towards my tax.

I just want to know whether I need to ask IRAS (or raise a request) to adjust the tax later or will that be done automatically? I am not sure whether asking them this is called as claim or some other thing.

From my experience and having switched jobs, it is done automatically ..

Thanks for your response.

[nutnut]

If you wanna appeal .. look up the steps in the IRA site ..

The Irish Republican Army?

[ecureilx]

If you wanna appeal .. look up the steps in the IRA site ..

The Irish Republican Army?

Missed the ESSSS ESSS !!!!!!!!!!!!!