{"id":4137,"date":"2024-02-05T06:36:45","date_gmt":"2024-02-05T06:36:45","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/?post_type=resources&p=4137"},"modified":"2024-02-23T04:54:13","modified_gmt":"2024-02-23T04:54:13","slug":"tax-resident-vs-non-residents","status":"publish","type":"resources","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/resources\/tax-resident-vs-non-residents\/","title":{"rendered":"Tax Resident Vs Non Residents"},"content":{"rendered":"

 <\/p>\n

How Do I Know if I am a Tax Resident or a Non Resident?<\/div>\n
\n

You will be considered as a Tax Resident if you work in Singapore for 183 days or more.<\/p>\n

You will be considered as a Non Resident if you work in Singapore for less than 183 days.<\/p>\n

Concessions to 183 day rule<\/b>
\nUnder the two-year administrative concession, you will be regarded as a tax resident for two years if you stay or work in Singapore for a continuous period of at least 183 days. This concession applies to foreign employees (excludes directors of a company, public entertainers or professionals) who have entered Singapore from 1 Jan 2007.<\/p>\n

Under the three-year administrative concession, if you stay or work in Singapore continuously for three consecutive years, you will be regarded as a tax resident for all the three years even though the number of days you are in Singapore is less than 183 days in the first and third year.<\/p>\n<\/div>\n

 <\/p>\n

Difference between a Resident and a Non-Resident<\/div>\n\n\n\n\n
A Tax Resident<\/td>\nA Tax Non-Resident<\/td>\n<\/tr>\n
\n
    \n
  • Your income, after deduction of tax reliefs, will be taxed at progressive resident rates.<\/li>\n
  • Your foreign-sourced income (with the exception of those received through partnerships in Singapore) brought into Singapore on or after 01 Jan 2004 is tax exempt.<\/li>\n
  • The applicable tax form for you is Form B1 (Income Tax Return for Residents).<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • You will only be taxed on all income earned in Singapore*.<\/li>\n
  • Not entitled to tax reliefs.<\/li>\n
  • Your employment income will be taxed at the higher of 15% or the progressive resident rates, whichever results in a higher tax amount.<\/li>\n
  • Director\u2019s fees and other income such as rent earned in or derived from Singapore will be taxed at the prevailing rate of 20%.<\/li>\n
  • Form M (Income Tax Return for Non-Residents) is used for your tax filing return.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

      How Do I Know if I am a Tax Resident or a Non Resident? You will be considered as a Tax Resident if you work in Singapore for 183 days or more. You will be considered as a Non Resident if you work in Singapore for less than 183 days. Concessions to 183 day […]<\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":30,"template":"","category-resources":[149],"class_list":["post-4137","resources","type-resources","status-publish","hentry","category-resources-accounting-tax-guide"],"acf":[],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/wp-json\/wp\/v2\/resources\/4137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/wp-json\/wp\/v2\/resources"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/wp-json\/wp\/v2\/types\/resources"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/wp-json\/wp\/v2\/media?parent=4137"}],"wp:term":[{"taxonomy":"category-resources","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/contactone.com.sg\/wp-json\/wp\/v2\/category-resources?post=4137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}