The Dreaded Form 8E
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after working for almost 12 yrs and i've never filed up the stupid damn forms b4!! aaarrrgghhh... tis yr gotta do it myself.... damn!
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er.. i haven done that at all in the past 2 years.. =XOriginally posted by the Bear:no.. you still have to send in your forms and stuff..
hmm i need to check with nel.. maybe he did it for me already -
I've never paid a cent of personal income tax in Singapore, but from what I've been told by friends who live and work there, the income tax rates in Singapore are surprisingly low vis-a-vis other 'developed' countries.Originally posted by Rhonda:My definition of 'high taxes' has been redefined since coming here.
In order not to get frustrated, I consider my post-tax income as my gross.
Yeah, the infamous ostrich-burying-its-head-in-the-sand plea of ignorance, which, in this case, is truly bliss!
Each time I start to think of the obscene amount of tax I pay, I feel downright miserable! At least, those years of paying taxes in Singapore were pain-free.
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Originally posted by shinta:er.. i haven done that at all in the past 2 years.. =X
hmm i need to check with nel.. maybe he did it for me already
2 years??
CB, last year only they thought I didn't file already threaten me with fine and jail
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yea since i joined A*****O... I've never filed anything before...Originally posted by av98m: 2 years??
CB, last year only they thought I didn't file already threaten me with fine and jail
maybe thats becos i earned er 16k per annum only? -
ask for your form 8E from your employers..
make sure you send in your tax returns even if below that amount..
don't give them a chance to tekan you because they eventually will -
oh.. this time employer say they help us do dunno what.. we just have to file tax returns....Originally posted by the Bear:ask for your form 8E from your employers..
make sure you send in your tax returns even if below that amount..
don't give them a chance to tekan you because they eventually will
dunno what that mean -.-| -
Eh...can someone confirm this: If interest earned and dividends are less than $10k or something, then no need to declare?
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erm what to do after getting ht e form 8E?
are we supposed to get other things?
so sianz must volunteer via such troublesome procedures to get robbed
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Crap. This is my first time receiving the form. -
me too. first time being so obviously robbedOriginally posted by Parka: Crap. This is my first time receiving the form. -
Aiya...just like death, taxes is a fact of life....cannot escape for most. So just accept although sometimes very heart pain to see the taxed amount.
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but i think i can at least escaped being robbed this way for this yearOriginally posted by Wanda:Aiya...just like death, taxes is a fact of life....cannot escape for most. So just accept although sometimes very heart pain to see the taxed amount. 
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Why? Take course ah, since you obviously can't claim for wife relief.Originally posted by hisoka:but i think i can at least escaped being robbed this way for this year -
just started work in augest, should be earning too little to be robbed in this way. but getting robbed in other waysOriginally posted by Wanda:Why? Take course ah, since you obviously can't claim for wife relief. -
Work less than 6 mths, probably no need to pay tax lor.Originally posted by hisoka:just started work in augest, should be earning too little to be robbed in this way. but getting robbed in other ways 
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still need to be robbed just that income tax no needOriginally posted by Wanda:Work less than 6 mths, probably no need to pay tax lor. -
You mean gst? I know you feel very sore now, but as you work longer and pay more of this and that (e.g. property tax, and the super useless and lousy tv licence) , you'll will get the right perspective on things.Originally posted by hisoka:still need to be robbed just that income tax no need -
will get used to being robbed or like to be robbed?Originally posted by Wanda:You mean gst? I know you feel very sore now, but as you work longer and pay more of this and that (e.g. property tax, and the super useless and lousy tv licence) , you'll will get the right perspective on things. -
Ya, you'll get more used to it, and will feel that not all robbing are equal - certain types of robbing feels better than other (like that super useless and lousy tv licenceOriginally posted by hisoka:will get used to being robbed or like to be robbed? ). -
Originally posted by Wanda:Ya, you'll get more used to it, and will feel that not all robbing are equal - certain types of robbing feels better than other (like that super useless and lousy tv licence ).
that one is really nonsense. -
Some questions.
Here's the tax rate.
Hmmm. I guess I'm filing for the year 2006? Or is there a tax season like March 06 to March 07?
Suppose I earn $35000, based on that table, I should be paying $375+(275/2) = $662.5. Right? -
Year of Assessment 2007 means you're paying taxes for income earned in the previous year - 2006.Originally posted by Parka:Hmmm. I guess I'm filing for the year 2006? Or is there a tax season like March 06 to March 07?
Suppose I earn $35000, based on that table, I should be paying $375+(275/2) = $662.5. Right?
No lah, you won't be paying so much.
Chargeable Income (CI) = Earned Income (EI) minus the Reliefs which you're entitled, e.g EI relief, wife relief, NS man relief, etc. (depending on what reliefs you're entitled to claim).
For $35k annual income, I believe the taxes will be less then $300. -
Originally posted by Wanda:Year of Assessment 2007 means you're paying taxes for income earned in the previous year - 2006.
No lah, you won't be paying so much.
Chargeable Income (CI) = Earned Income (EI) minus the Reliefs which you're entitled, e.g EI relief, wife relief, NS man relief, etc. (depending on what reliefs you're entitled to claim).
For $35k annual income, I believe the taxes will be less then $300. Thanks for the comment. After calculating, it's much lesser than what I initially thought.
I thought income tax was 20%!! -
no need to worry, if u forgot to claim for a certain relief you're entitled too, iras will do it for u.
but the most common kind is nsmen,working mothers, foreign maid levy etc.
also for those with shares, make sure you calculate the gross amount. and don't let them double tax u.