Forward Thinking - Managing Your Money When You Move
EL Singapore|July 2017

Two Singapore-based financial advisors answer questions from our readers on taxation and other economic considerations to keep in mind when relocating.

Forward Thinking - Managing Your Money When You Move

Plan your financial move well in advance of the physical move

Before you get carried away with dreams of a new country and lifestyle, ANDREW TALBOT from Globaleye Wealth Management recommends ways to smooth the path for an easy financial transition.

How do I pay my outstanding Singapore tax before leaving the country?

There are lots of different ways to pay: by giro, online via the Inland Revenue Authority of Singapore (IRAS) website, at an AXS machine, via internet banking, or at DBS ATMs, post offices or SAM kiosks. You’ll need the Sing Pass two step verification to log in to the IRAS website.

If I don’t pay my tax, will someone at Changi Airport tap me on the shoulder?

Only if your employment pass has been cancelled and the tax hasn’t been paid. The responsibility is with the employer to pay this from the last salary of the employee.

What if I receive a final payment from my Singapore job when I’m already living elsewhere? Is that taxed by Singapore? – and, if so, how do I pay it?

Diese Geschichte stammt aus der July 2017-Ausgabe von EL Singapore.

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Diese Geschichte stammt aus der July 2017-Ausgabe von EL Singapore.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

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