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Taxation In Singapore - Example
Like to pay less tax; then for example consider
working out of Singapore, their personal income tax rates are low when
compared with the rest of the world.
Income
tax is assessed on a sliding scale ranging from 2% for the first S$7,500
of chargeable income up to 28% for an income of S$400,000.
Singapore
also gives provision for certain tax deductions and reliefs, including
reliefs for supporting dependants, paying professional and academic
course fees and life insurance policy premiums.
Expatriates
on employment pass or work permit that are physically present or working
in Singapore for 183 days or more per year are required to pay income
tax.
Compare
taxation rates in other countries.
DISCLAIMER
This information is intended to give you a useful start for research
purposes; and is provided on the basis of no responsibility for third
party information or services by our company.
For your own protection please make sure you obtain the appropriate
professional advice regarding your own special circumstances.
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