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Today 12:14 AM#1Mick
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<dl class="userinfo_extra"><dt>Join Date</dt> <dd>Nov 2005</dd><dt>Posts</dt> <dd>334</dd></dl>
[h=2]S'pore: Only 27% of foreigners pay income taxes[/h]
Senior Member
<dl class="userinfo_extra"><dt>Join Date</dt> <dd>Nov 2005</dd><dt>Posts</dt> <dd>334</dd></dl>
[h=2]S'pore: Only 27% of foreigners pay income taxes[/h]
something does not tally...
from Department of Statistics... in 2011... total population was 5,183.7... S'pore citizens was 3,257.2... so simple calculation concludes that about 37% are foreigners...
now only 27% of foreigners pay income taxes... the rest of 10% all foreign domestic workers meh...
Department of Statistics
http://www.singstat.gov.sg/stats/latestdata.html#12
Today Newspaper
Friday, 22 June 2012
27% of foreigners pay income taxes
From Lim Bee Khim
Director (Corporate Communications), Ministry of Finance
There has been continuing interest in the idea that only 1.7 per cent of foreigners in Singapore pay personal income tax.
This arose from an estimate, that only 1.7 per cent of the non-resident workforce earned wages high enough to be liable to pay income tax, in Professor Lim Chong Yah’s earlier commentary in some newspapers.
His estimate appears to have been based on the small number of taxpayers classified as non-tax residents, that is, taxpayers who worked here for less than 183 days a year.
There is a much larger group of non-residents or foreigners who work and live here for more than that and are classified as tax residents.
Taking all employed non-residents into account except foreign domestic workers, about 27 per cent paid income taxes in the most recent year of assessment.
It would be 22 per cent if we were to include FDWs.
Foreigners accounted for about one-fifth of all income taxpayers and contributed more than one-quarter of our total personal income taxes.
from Department of Statistics... in 2011... total population was 5,183.7... S'pore citizens was 3,257.2... so simple calculation concludes that about 37% are foreigners...
now only 27% of foreigners pay income taxes... the rest of 10% all foreign domestic workers meh...
Department of Statistics
http://www.singstat.gov.sg/stats/latestdata.html#12
Today Newspaper
Friday, 22 June 2012
27% of foreigners pay income taxes
From Lim Bee Khim
Director (Corporate Communications), Ministry of Finance
There has been continuing interest in the idea that only 1.7 per cent of foreigners in Singapore pay personal income tax.
This arose from an estimate, that only 1.7 per cent of the non-resident workforce earned wages high enough to be liable to pay income tax, in Professor Lim Chong Yah’s earlier commentary in some newspapers.
His estimate appears to have been based on the small number of taxpayers classified as non-tax residents, that is, taxpayers who worked here for less than 183 days a year.
There is a much larger group of non-residents or foreigners who work and live here for more than that and are classified as tax residents.
Taking all employed non-residents into account except foreign domestic workers, about 27 per cent paid income taxes in the most recent year of assessment.
It would be 22 per cent if we were to include FDWs.
Foreigners accounted for about one-fifth of all income taxpayers and contributed more than one-quarter of our total personal income taxes.
Do they pay income tax ? OMG !
