Income Tax Singapore YA2010
Tuesday, March 30th, 2010Do you know that Singapore uses a progressive tax system? The tax rate increases as the chargeable amount increases. (See IRAS tax rates.) A person with a chargeable income of $100k is taxed $7,100 or 7.1%. But if the chargeable amount was $300k he has to pay $39,300 in taxes or 13.1%. Fair? Here’s the [...]
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