Tax clearance when resign for EP holder

Last activity 16 November 2019 by beppi

975 Views

2 replies

Post new topic

Mr_MisterMember16 November 2019 11:25:48

Hi,
I submit the resignation letter on 10 Nov. My last working day is 24 Dec. I working in SG since Jun 2019 and my total earning this year in SG till end of this year would be more than 40k but less than 45k.

The HR say they will hold my last 2 month salaries, which means they will not pay me salary of Nov and Dec until the Tax process is done. Is that legal? and how long the tax process will take?

surya2kVIP Member16 November 2019 16:37:31

2890

As you have worked for few months only (less than 180 days), you will get a flat tax rate. So, one month salary could have been blocked instead of two months. But, it is very much legal and usual practice across employers. Nothing to be worried, they will return your balance salary after paid out the taxes and other pending payments, if any.

beppiGermany - Singapore Expert16 November 2019 22:18:26

15296

The company must, by law, withhold the salary until the tax dues are calculated and paid. They have no choice in this matter!
IRAS normally needs only a week or two to calculate it - and any money left will be paid out to you by the company then.

Articles to help you in your expat project in Singapore

Banking in Singapore
Singapore offers a wide range of personal banking services and has a complete offering of international banking ...
Guide to open a global offshore banking account in Singapore
PricewaterhouseCoopers revealed in July 2013 that in its Global Private Banking and Wealth Management Survey that ...
Driving in Singapore
Singapore has an efficient public transportation system coupled with excellent taxi services, with phone apps ...
Dating in Singapore
Moving to Singapore has been fun since you've been exploring a new country and culture. However, if you ...
Internships in Singapore
Singapore is home to many universities of international repute, as well as companies from a diverse range of ...
Marriage in Singapore
Singapore allows both foreigners or a foreigner and a local national to marry in the country. The procedures and ...
Using phones in Singapore
As in many developed countries, mobile phones have taken over the landline network in Singapore. Whether ...
Finding a job in Singapore
Singapore has a well-developed job market with numerous outlets providing information on employment opportunities, ...