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ExpatSingapore Message Board 28 May 2012, 8:34:20 am *
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Author Topic: tax question  (Read 305 times)
da vinci
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« on: 03 January 2012, 1:19:00 am »
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any tax accountant here could help answer this question?
I am planning to leave singapore for good in Mar 2012. I am currently having a PR and plan on cancelling it as I have no intention to return. Will I be taxed at the foreigner's tax rate of a flat 15%, or will the tax be calculated on local rates since I am a PR?
I can wait 3-4 months for my CPF money, so would it be better to wait for the 3-4 months to complete 183 days and then cancel the PR? I would of course have to come back to singapore to do this, so i will need to take into consideration the cost of plane tickets, hotel accommodation etc, before I can make a final decision.
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ExpatSingapore Message Board
« on: 03 January 2012, 1:19:00 am »
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err....
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« Reply #1 on: 03 January 2012, 5:21:33 am »
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any tax accountant here could help answer this question?
I am planning to leave singapore for good in Mar 2012. I am currently having a PR and plan on cancelling it as I have no intention to return. Will I be taxed at the foreigner's tax rate of a flat 15%, or will the tax be calculated on local rates since I am a PR?
I can wait 3-4 months for my CPF money, so would it be better to wait for the 3-4 months to complete 183 days and then cancel the PR? I would of course have to come back to singapore to do this, so i will need to take into consideration the cost of plane tickets, hotel accommodation etc, before I can make a final decision.

How long have you been in Singapore? I'm assuming more than 183 days if you have PR?
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da vinci
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« Reply #2 on: 03 January 2012, 11:17:06 am »
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less than 90 days in 2012, so will not meet the 183 day rule for YA 2013. For YA 2012 the tax will be at local rates and is not a concern.
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