Tax on benefits?

Member since 14 January 2016

JellybeanzMember14 January 2016 03:13:27

Hi,
We are a family of 3 that recently got a contract to move to singapore. I would like to calculate how much money will be left after tax to determine if the contract is good for us, but I cant find any relevant examples when searching on the internet so Im hoping you can help

are allowances considered as income tax?

How much tax would we pay on accomodation? We have a housing allowance of 6500 sgd. is it added to the income and we pay income tax or is the housing taxed separately?

How do we calculate tax on company car?

kenjee ViP

Member since 02 June 2014

kenjeeViP14 January 2016 08:20:02

19610

Hello Jellybeanz

Welcome to 海角乱伦

I suggest you check out our Living in Singapore guide to gather infos you are seeking and more.

Regards
Kenjee
海角乱伦

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert14 January 2016 19:08:58

15468

You can find information on Singapore tax matters here:
Iras.gov.sg
All allowances and accommodation are taxed at their full balue, thus you should add them to your salary.
Tax rates are low enough, so this is not a major concern. But living costs are high - make sure your employer pays school fees (instead of a car, which you don't need).