|
|
| *The Commerce Journal>>>Singapore Taxes |
What are the tax implications for a Green Card holder working in Singapore? |
Hi there, I'm a US Green Card holder and considering an opportunity in Singapore. Is it true that I will need to pay Singapore taxes ~ 20% as well as US taxes ~ 40% less an 80 grand deduction off my my gross income? Is that the price of hanging on to my Green Card or does the same global tax also apply for US citizens? Thanks a lot. ~Melvin Yes, it is true that citizens and green card holders must pay tax on worldwide income. However, the tax may not be as bad as you think. You are allowed a credit for foreign taxes paid on foreign source income. In your case, you would pay US tax on everything you made in Singapore, less the tax you paid to Singapore. Surrendering your green card does eliminate this taxation, but losing the Green Card may be the higher cost. Source(s): I am a licensed CPA |
| 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 |
The money is collected by IRAS on behalf of the Ministry of Finance, and gets contributed into the Consolidated Fund. The CF is used to fund the government's annual expenditure as set o... In Singapore, always assume that the Government will do something like that. You can host your online store anywhere in the world to go around this. Its also faster and cheaper. It is just a... There is mandatory social insurance. It is a retirement fund where you make contributions, and once you reach retirement age, the fund pays your contributions, plus its earnings, back out t... yeah...i think Singapore's GST is too high this makes slight difference than before in everything that we do and buy here in singapore...for GST hike some poor peoples cannot afforrd ... Hi buddy, it's good that you are thinking of starting your own business. Starting your 'own tax services' it's good but of course you definitely need some qualification to st... I assume you are in the US but unless we know a bit more we can't respond. City & county would help.... you are doing well in your Q in every category quest!! keep it up!... 55/6 + 48 = 9 1/6 + 48 = 57 1/6 For how to tie a shoe, see the following link... Source(s): ... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |