Taxable computation

Last activity 25 February 2018 by beppi

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tan1507Member24 February 2018 01:30:49

Hi, i will be working for full 6 months before my last employment here and i am an EP holder. However, after the 6 months, i will be leaving back to my country. I was wondering how is the tax being computed. Will it be as 15% of total salary received for 6 months, e.g. 15% X $5,000 X 6months = $4,500 or it will be pro-rated?

surya2kVIP Member24 February 2018 04:37:28

2890

There is a slab tax system on total income . It’s not 15% direct cut on your 6 months income, please see the below link for your understanding:

https://www.iras.gov.sg/irashome/Indivi … culations/

beppiGermany - Singapore Expert25 February 2018 08:22:38

15297

You will be taxed as non-resident if you stay in Singapore for less than 183 days.
The non-resident income tax rate is either 15% on the income you received, or the resident rate in case it is higher. There are also some exemptions, which are explained at https://www.iras.gov.sg/irashome/Indivi … -Residents
In any case, the employer must (by law) withhold your salary of at least the last month, seek tax clearance with IRAS, pay the tax due from the withheld salary and then return the remainder (if any) to you. That means you must cover your last month of stay without receiving salary!

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