Expat s guide in moving to Singapore: Getting job offers and setting up finances theindependent.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.sg Daily Mail and Mail on Sunday newspapers.
After the season of love in February comes a season of dread in March yup, it's tax season. While there's no way to avoid paying personal income taxes, there are ways you can reduce the amount of your precious earnings that you have to cough up. These include tax deductions or reliefs for retirement savings, having kids, taking care.
The next step for many newlyweds is family planning. But with soaring inflation and the current economic difficulty, having children may not always be on top of their list. After all, the average cost of having a baby in Singapore can easily go into the range of tens of thousands, expanding a family unit without healthy reserve funds may seem.
Tax season for Year of Assessment (YA) 2022 may not be until March next year, but now is in fact the time to start preparing for it. The income you earn from Jan 1 to Dec 31 will be considered for YA 2023, where you'll need to pay your taxes. Here are the tax rates for YA 2017 to YA.