What is the individual taxation scheme for non-residents?
Non-residents are taxed at a flat rate of 15%.
Are foreign employees required to contribute to the CPF fund?
Foreigners on Singapore work passes such as Employment Pass, S Pass, etc. are exempt from CPF contributions in Singapore.
What is the annual set date for filing individual / personal income tax in Singapore?
Due date for filing individual taxes is 15 April each year. Late filing or failure to file could incur penalties.
What is the Singapore income tax rate?
The Singapore individual income tax rates for YA 2007 and onwards are shown below. Singapore individual / personal income taxes are charged progressively (0% – 20%), based on your chargeable income. The chargeable income is your income plus any other personal income, minus all deductions, relief’s and rebates. Chargeable Income (S$) Rate (%) Gross Tax [...]
PM Lee Announce Extension of Jobs Credit for Additional Six Months and Promises More Goodies to Come
EMPLOYERS received good news on (12/10) Tuesday, not just a six-month extension of Jobs Credit but also more goodies that await them in next year’s Budget. The upcoming offerings are
