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ExpatSingapore Message Board 27 May 2012, 6:02:25 am *
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Author Topic: When to pay income taxes ?  (Read 1809 times)
Nathalie & Benjamin

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« on: 01 October 2001, 17:36:00 pm »

We can't manage to figure out when are the income taxes to be paid for normal salary revenues. Can anyone tell us out of experience or indicate us some reference websites ?
Thanks
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« on: 01 October 2001, 17:36:00 pm »



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ramsen

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« Reply #1 on: 01 October 2001, 18:36:00 pm »

 http://www.iras.gov.sg/

usually pay by end aug - but yr employer - like many - may be paying direct tho u still need to file a return

cheers

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Keegs
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« Reply #2 on: 02 October 2001, 10:24:00 am »

Tried looking at the site but still could not figure out when is the end of the tax year
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If it isn't broken you arent pushing hard enough
ermm
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« Reply #3 on: 02 October 2001, 10:44:00 am »

file tax returns by 15 April every year. based on income earned at end of each calendar year (31 Dec).
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PST
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« Reply #4 on: 02 October 2001, 11:24:00 am »

That's good news.  4 months after xmas and the New Year to save some dollars!!!
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Fat Bob
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« Reply #5 on: 02 October 2001, 12:22:00 pm »

You can even pay by Giro over 12 months (or less, depending on when your return arrives).

"So, you want me to give you a whopping (OK, smallish compared to UK) cheque now or give you smaller bits over the next 12 months? Hmmm....let me see...."(laughing all the way to the bank!)

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PST
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« Reply #6 on: 02 October 2001, 12:28:00 pm »

Fat Bob - I arrived in Singapore September 2000.  Therefore did not pay any tax for 2000.

Is it possible to pay my 2001 tax spread over the 12 months on 2002?

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cooltaxes
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« Reply #7 on: 02 October 2001, 16:08:00 pm »

Thats basically what will happen - I arrived in early 2000, and i'm paying my year 2000 tax in 8 installments from september 2001 to april 2002...

sounds like a dream come true - i start paying my tax in interest-free installments 9 months after the year i'm being taxed finishes...  

the catch is if you quit your job, they hit you for everything you owe them all at once, plus they DON'T give you all the funky rebates on what is remaining.

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Be careful
Guest
« Reply #8 on: 02 October 2001, 16:16:00 pm »

Just one thing on paying tax by installments - particularly if in sales/commision based role.

If you happen to have a spectacular earning year in 2001, and a shocker in 2002 - remember that you will be paying the tax on the spectacular year, whilst being paid based on a bad year........

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Nathalie & Benjamin

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« Reply #9 on: 10 October 2001, 15:48:00 pm »

Thanks everyone !
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