TAX-Transferring to another employer

dumdum

Tanung ko lang po, Nahire po ako sa panibagong company at approved na din ang pass ko. Magreresign na ako sa current work ko (5 months po ako dito) Pano po ba ang Tax? Nabasa ko kasi na since meron naman ako susunod na company papasukan, wala pa pong tax. Thank you.

kabo

@dumdum base sa pagkakaalam ko, maho-hold pa rin sandali yung last pay mo from previous employer for taxation clearance. and since lilipat ka ng employer sa SG din, normally, walang mababawas sa last pay mo for the tax. unless may taxable income ka for 2018



Is taxation clearance needed if the employee is continuing on an Employment Pass with a new company?

Yes, what the foreign employee will do personally in the future has no bearing on the Company’s mandate.



What does Tax Clearance entail?

A form called IR21 has to be lodged by the Employing Company with IRAS, as soon as possible, once a notice of resignation is received or notice of termination provided. From that point on, no salary must be released to the employee until her tax clearance process completes.

maya

ihohold pa rin last pay mo, need magsubmit ni company ng IR21. malaki tax pag more than 60days but less than 183 days, 15% ng total income, (example kung sahod mo ay 3k monthly, for 5mos total income mo ay 15k, 15% nyan ay 2,250, ang tax na ibabawas sa nakahold na last pay mo) kasi ang basis jan ay ung inalisan mong company, wala pa naman kasiguraduhan sa new company gang kelan ka dun at lalagpas kba ng 183days? so babawasan ka pa rin ng 15% tax jan sa current company mo. paglipat mo new company at nagfile na sila ng tax mo, at pasok ka na as tax resident (more than 183days worked including ung days worked mo sa previous company and weekends and holidays), mas mababa na percentage ng tax, 2% ung pnkamababang bracket after 20k sgd. pagcompute ni iras ng dpt na tax mo at sobra ung binayad mo dhl initially ay nabawasan kna 15%, makakakuha ka ng refund. mababasa mo sa iras website, google lang.

maya

ang style jan kung di kayo makakatagal sa unang company nyo, resign na bago pa mag60days para wala tax. or tiis tiis hanggang makalagpas sa 183days. hehe