What are the tax obligations for foreigners working in Singapore?
Foreigners working in Singapore are subject to income tax on their earnings. The tax rate varies based on income level.
Are there any tax exemptions or reliefs available for foreigners?
Yes, certain tax exemptions and reliefs may apply, such as the Not Ordinarily Resident (NOR) scheme for qualifying individuals.
How is the tax rate determined for foreign workers?
The tax rate for foreign workers is progressive, ranging from 0% to 22%, depending on the amount of income earned.
Do I need to file a tax return if I leave Singapore?
Yes, if you have earned income in Singapore, you are required to file a tax return even if you leave the country.
What happens if I don't file my taxes?
Failing to file your taxes can result in penalties, including fines and interest on unpaid taxes.
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