The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Singapore Taxes

Do you think it's a good idea to pay your income tax with Giro?



Do you think it's a good idea to pay your income tax with Giro?

If it's a significant amount (you would have to decide for yourself what 's significant to you) then why not. It's divided into 12 months, no overheads, no interests on the outstanding amount. So in actual fact, you would gain the interest from leaving the money in the bank and paying in installments.

Not to mention the fact that if you don't normally put aside a sum of money for your taxes, this will help you avoid getting a heart attack everytime the taxman comes around.
id="askers-rating"> star star star empty star empty star fair enough. thanks!
Tags
  Other - Business & Finance   Other Taxes   United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes
Related information
  • In Singapore, are we taxed only based on income?
    Yup, you're taxed on income (salary, dividends, rental income etc). Property is taxed yearly based on the value of your property (I think). Buying and selling shares are taxed on...
  • Which insurance company in Singapore pay highest in commission for CPFIS Investment?
    I never heard this concept of CPFIS investment getting paid commission by the insurer. It could be the insurance agent sharing part of his commission and you could be on the wrong side of t...
  • I am a S/W engg & married having 2 year old kid. what salary should be per month that i can save $3500.?
    if you can get that kinda money as a "S/W engg", it'll be my life mission to get into the same company that hired you....
  • The email is rejoice1@singnet.com.sg i want the company adders and phone no.?
    What you asked? Company address and phone number of Rejoice1 *OR* Company address and phone number of SingTel? I suggest you to contact SingTel: Fax +65 6733 1350 Email newsro...
  • What type of interview questions would you expect on an interview in Deloitte & Touche for the Tax position?
    If you submitted a resume to them, they probably ask questions based around on what you wrote and have claimed to have done. Be prepared in explaining what you have done, how you contributed...
  • What is the highest personal and corporate tax rate in Singapore now?
    highest corporate tax is 20% highest personal tax for resident individual is 21% (for chargeable income exceeding 320,000... chargeable income is stated after the deduction of the necess...
  • Singapore tax rates table?
    For individual, the tax are graduated rate whereas for corporate it is 20% for YA 2006. graduated tax rate means that your income are taxed at different rate at different level. For YA...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster