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Old 4th Apr 2006, 12:57
  #78 (permalink)  
F Dolarhyde
 
Join Date: Apr 2004
Location: Singapore
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Taxation in Singapore

Hello Cargojock (and all aspiring SIA Cargo pilots)!
Haven't you heard about the NOR scheme?
Not Ordinary Resident which allow anyone with more than 90 days away from SIN in a year (easily achieved for a cargopilot...) to get deduction of personal tax down to 10%.
Total salary (everything included) from company last year was about 225000 SGD (didn't work the full year). Income reported to IRAS 205.000 SGD (don't ask me how they calculate this).
With wife, two children and NOR applied my total tax ends up with 20.500 SGD.
http://www.iras.gov.sg/ESVPortal/iit...1.1.14+nor.asp
Regards,
F Dolarhyde is offline