Need inputs. I have got a job in singapore

[gupta.varun]

Originally Posted by funksg

hi varun..

welcome to singapore...
its mukul here...
where in india u r from..i m from rajasthan and in spore for 4 years ..
6k is good to start here....dont worry..
if u need any help from me do let me know..
or can email me - mukulsg at gmail .
whehn u wud b coming here..?

regards
Mukul

Hi Guys

I have got the EP pass ( P2 pass) for 12 months only
Generally the EP pass is issued for 2 years right
Do these EP passes get renewed.

[ini_niki]

Originally Posted by gupta.varun

Hi
I had few more doubts

My gross salary is 6000 SGD
what will be likely take home post taxation
and is the job market safe in Singapore as of now

and also what will be average monthly savings i can make there?

Tax in Singapore is very, very, very low ... esp. compared to Australia for example (45%) ... here's it's more like 10% ...

You can save as much as you're able to ... basically rental costs for HDB are quite cheap, especially in around the east coast area where you'll be staying ... it's more expensive the closer you are to the centre.

You don't have to spend everything you earn and as your wife will be here you can eat at home. street food is very good and quite cheap -- you can get curry and rice from a coffeeshop for $3 in some places -- but it's even cheaper if you cook at home.

You can basically get everything you want in Singapore; but to save on set up costs I'd bring basic household items like linen, cooking gear etc from India.

Will your company give you a shipping allowance? Most do.

Hope that helps

Cheers

[mohan.mulani]

Hi Varun,

Don't mind me asking but how much did you pay to the consultant in order to get the job? Did he guarantee you? I'm also approaching a consultant but I'm not sure if he could guarantee me the job after payment. Please advise.

[gupta.varun]

Originally Posted by mohan.mulani

Hi Varun,

Don't mind me asking but how much did you pay to the consultant in order to get the job? Did he guarantee you? I'm also approaching a consultant but I'm not sure if he could guarantee me the job after payment. Please advise.

I didnt pay anything to the consultant
and you dont need to pay anything to consultants dear.. just keep on applying and if you face any interviews make sure you crack it..

[manoja24]

Personal income tax rates
Individuals resident in Singapore are taxed on a progressive tax rate as listed below. Filing of personal tax return is mandatory if your annual income is S$22,000 or more. You do not need to pay tax if your annual income is less than S$22,000. However, you may still need to file a tax return if you have been informed by Singapore tax department to submit your tax return.

All resident individual tax payers will be given a one-off income tax rebate of 20%, upto a cap of S$2,000, for the tax payable for YA 2009.



Tax residency and tax treatment
Different income tax rules apply in Singapore depending on the tax residency status of the individual.

Singapore Residents
You are considered a tax resident if you are:

a Singaporean; or
a Singapore Permanent Resident and have established your permanent home in Singapore; or
a foreigner who has stayed or worked in Singapore for 183 days or more in the tax year
Tax residents pay taxes on their chargeable income as per the tax rate table above.

What is chargeable income? The chargeable income (i.e. income subject to taxation) for tax residents is determined as below:



Whereas

Total income means
gains or profits from carrying on any business, trade, profession or vocation either as a sole proprietor or partner in a partnership
gains or profits from any employment
dividends, interests, investment income
rents, royalties, premiums and other profits arising from properties
exclude qualified income earned overseas (more deails provided later in the guide).
Expenses means
qualified employment related expenses
qualified rental related expenses are expenses
Donations means
donations to qualified charitable organizations
Personal Reliefs means
special personal reliefs such as eligible course fees, earned income relief, parent relief, etc.
Chargeable income is this adjusted income after deductions from the total income (as shown in the picture above).

Singapore Non-Residents
You are considered a non-resident for tax purpose if you are a foreigner who stayed or worked in Singapore for less than 183 days in the tax year. As a non-resident, you will be taxed as below:

Your employment income is exempt from tax if you are here on short-term employment for 60 days or less in a year. This exemption does not apply if you are a director of a company, a public entertainer or exercising a profession in Singapore. Professionals include foreign experts, foreign speakers, queen's counsels, consultants, trainers, coaches etc.
If you are in Singapore for 61-182 days in a year, you will be taxed on all income earned in Singapore. You may claim expenses and donations to save tax. However, you are not eligible to claim personal reliefs. Your employment income is taxed at 15% or the progressive resident rate (see rate table above), whichever gives rise to a higher tax amount.
Director fees, consultant fees and all other incomes are taxed at 20%.

[manoja24]

gradual table:

Annual tax. income- rate% -gross tax pyyble
first sgd 20,000- 0 -0
nxt sgd 20000- 3.5 -sgd 350

1st sgd 30000- - -sgd 350
nxt sgd 10000- 5.5 -sgd 550

1st sgd 40000- - -sgd 900
nxt sgd 40000- 8.5 -sgd 3400

1st sgd 80000- - -sgd 4300
nxt sgd 80000- 14 -sgd 11200

1st sgd 160,000- - -sgd 15500
nxt sgd 160,000- 17 -sgd 27200

1st sgd 320000- - -sgd 42700
above sgd 320000- 20 -----

[manoja24]

hi sir varun,

i'm a filipina, 24 yrs. old, hope those i sent previously can help you....
I'm actually new also here in the forum.
I still don't have gotten a job yet. i'm planning to move to singapore by next month or by October. but I only have almost 2 yrs work experience in Account Assistance, Finance, Admin Assistance, with some experience in SAP, and good in MS Excel... sir, what do you think, is it possible for me to get job first before going there or it's better for me to go there as tourist and later find job there? whats your advice sir?
thank you!

[ecureilx]

Originally Posted by manoja24

hi sir varun,

i'm a filipina, 24 yrs. old, hope those i sent previously can help you....
I'm actually new also here in the forum.
I still don't have gotten a job yet. i'm planning to move to singapore by next month or by October. but I only have almost 2 yrs work experience in Account Assistance, Finance, Admin Assistance, with some experience in SAP, and good in MS Excel... sir, what do you think, is it possible for me to get job first before going there or it's better for me to go there as tourist and later find job there? whats your advice sir?
thank you!

A chicken and egg situation .. Well, if you have been here before, then you will know what comes your way.

If not, still there are choices for you.

Generally admin/ finance jobs are reserved for locals, unofficially, so you got to try the MNCs here. MNCs are more open towards foreigners for such jobs.

[ini_niki]

I would definitely try to get a job before coming here ... otherwise you'll still have to leave and then comeback re: you visa ... and you don't want to start off being illegal

good luck

[DeeGee]

Originally Posted by ini_niki

I would definitely try to get a job before coming here ... otherwise you'll still have to leave and then comeback re: you visa ... and you don't want to start off being illegal

good luck

Agree with ini_niki