SE is one of the key posters on this board, not a board.CitizenOfTheWorld wrote:Thanks and I'm happy to keep it going until the SE board grows weary of it.Brah wrote:And for conspiracy theories, SE sees through the BS here and back home pretty well.
Take a note that both ecurelix and WD40 are a bit like extended locals. With no offense intended on my side, they are much more enthusiastic and tolerant to many things normally driving an average Westerner pretty crazy. Yes, this is a very good place to stay and travel around but I wish you good luck to painlessly adapt to the local culture including what you may encounter at work.CitizenOfTheWorld wrote:All shapes and sizes, ecurelix, all shapes and sizesecureilx wrote:me says, yes...CitizenOfTheWorld wrote:..
The question for now is, can a guy who just wants to work, keep his mouth shut about local issues and have a good time do well in Singapore?
A recent addition to the attractiveness of Singapore is the growing number of Budget carriers, or LCCs, and that means, if you have little spare cash, Thailand, Malaysia, Philippines, Indonesia and all over the region can help you unwind .. if you find Singapore congested
Thanks for the compliment. I agree. Singapore is known as Asia for beginners. Considering that I am from a tougher Asian country for me its been a cake walk adapting here. I wont say the same about me adapting into a western country, in the same manner though. Same ways its not as easy for a westerner to adapt in Singapore.x9200 wrote:Take a note that both ecurelix and WD40 are a bit like extended locals. With no offense intended on my side, they are much more enthusiastic and tolerant to many things normally driving an average Westerner pretty crazy. Yes, this is a very good place to stay and travel around but I wish you good luck to painlessly adapt to the local culture including what you may encounter at work.CitizenOfTheWorld wrote:All shapes and sizes, ecurelix, all shapes and sizesecureilx wrote: me says, yes...
A recent addition to the attractiveness of Singapore is the growing number of Budget carriers, or LCCs, and that means, if you have little spare cash, Thailand, Malaysia, Philippines, Indonesia and all over the region can help you unwind .. if you find Singapore congested
Yep, like when I was in wet market, the Fish monger looked at me and asked loudly and sounding pretty rude "What you want ah ?? "x9200 wrote: .. With no offense intended on my side, they are much more enthusiastic and tolerant to many things normally driving an average Westerner pretty crazy ...
Singapore Income Tax laws are simple, easy, low and black & white, unlike the Internal Revenue Code. Start here and almost everything will be explained......CitizenOfTheWorld wrote:Thank you all for your input and perspective on a potentially life changing decision.
If I might trouble you with an OT question, though, what is this CPF or Singapore version of social security? My understanding was I would pay a 15% flat tax to IRAS. (I have an accountant in US who can advise on US laws on income abroad, but he isn't familiar with Singapore.)
What other taxes beyond the 15% would I owe the Singapore government assuming I become a PR vs NPR?
Sorry if this has already been discussed elsewhere.
No, once you're here over 183 days (or on an employment pass with at least that much validity) you'll be a tax resident. Your actual rate will be significantly lower until you're making north of $360k a year.CitizenOfTheWorld wrote:Thank you all for your input and perspective on a potentially life changing decision.
If I might trouble you with an OT question, though, what is this CPF or Singapore version of social security? My understanding was I would pay a 15% flat tax to IRAS. (I have an accountant in US who can advise on US laws on income abroad, but he isn't familiar with Singapore.)
What other taxes beyond the 15% would I owe the Singapore government assuming I become a PR vs NPR?
Sorry if this has already been discussed elsewhere.
My question to you still is, it the push to leave there so strong, or is it the pull to come, or both?CitizenOfTheWorld wrote:Thank you all for your input and perspective on a potentially life changing decision.
What if someone, lives off dividends and/or cap gains? Is the 20% CPF contribution still paid on the 1st $5000 income even though it did not come from salaried compensation?zzm9980 wrote: If you become a PR, you must contribute to CPF. Your contribution ramps up over three years, to a maximum of 20% of the first $5000 per month. So $1k a month.
No. Capital gains aren't even taxable in Singapore. Dividends are though, but there will not be a mandatory withholding for CPF from them.Sooner8 wrote:What if someone, lives off dividends and/or cap gains? Is the 20% CPF contribution still paid on the 1st $5000 income even though it did not come from salaried compensation?zzm9980 wrote: If you become a PR, you must contribute to CPF. Your contribution ramps up over three years, to a maximum of 20% of the first $5000 per month. So $1k a month.
As a side note (and you might already know this), there are some US tax preparers in Singapore. On the US embassy's web site, there is a list. Also, you probably already know that 12.5% of your annual income here up to $113,700 USD, which is about $14,000, must be paid each year into the US Social Security system.CitizenOfTheWorld wrote:Thank you all for your input and perspective on a potentially life changing decision.
If I might trouble you with an OT question, though, what is this CPF or Singapore version of social security? My understanding was I would pay a 15% flat tax to IRAS. (I have an accountant in US who can advise on US laws on income abroad, but he isn't familiar with Singapore.)
What other taxes beyond the 15% would I owe the Singapore government assuming I become a PR vs NPR?
Sorry if this has already been discussed elsewhere.
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