Do Singaporeans working overseas pay income tax to the Singapore government? Likewise, do foreigners working in Singapore pay income tax to their government?
Basically, from the information i gathered, MOST countries collect taxes based on where the income is generated from, regardless of citizenship. Hence, in both cases in the question, since the income is generated in Singapore, they pay tax to the Singapore government, not their own government.
Some other interesting things i've found out:
Tax rates for foreigners are lower than that for Singaporeans.
You can apply for 'reduced tax' based on your number of days spent in Singapore, and you only get taxed on your income generated in Singapore.
source
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment