Forum
Last updated: 

Is the taxes that have been added to me is legal?

When you are working on a company, there will be taxes that will be deducted to your salary every cut off of your pay. You should know that everyone in the world is paying taxes to contribute to the community. But I have realized that my salary is low that the usual pay. But I work my ass off to get the salary I deserve.

Search other products or providers:

User comments

  • user image

    No Name

    Singapore follows a progressive resident tax rate starting at 0% and ending at 22% above S$320,000. There is no capital gain or inheritance tax. Individuals are taxed only on the income earned in Singapore. The income earned by individuals while working overseas is not subject to taxation barring a few exceptions. If the company is not doing the right tax deduction you can report them to the IRAS.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Taxes

How does wage garnishment work?

Taxes

Do people who are handicapped excempted to tax?

Taxes

When I loan from someone are they suppose to add taxes?

Taxes

will i still pay taxes when my company went bankrupt?

Taxes

What law do taxpayers violate when they ask for more?

Taxes

Middleman to contact all the person in debt

Related Reviews

Taxes

They offer a low brokerage fees with access to most overseas markets

They have a very much improved user interface compared to years ago. Standard chartered bank is really making an effort to compete with other brokerages and offers no custodian fees, while Shares are not kept in CDP. They offer a low brokerage fees with access to most overseas markets. However, their foreign exchange rate is not very good but the make up with a good watch list and price quote interface. You are able to see buying power, portfolio and stock info.

Standard Chartered LiveFX / Standard Chartered Bank Singapore

Taxes

Configuration options and tools for traders to customize the platform to meet their needs

CMC Markets is a great choice for forex and CFD traders. The company’s Next Generation platform is powerful and versatile, with plenty of configuration options and tools for traders to customize the platform to meet their needs. With nearly 10,000 instruments to choose from across nearly every asset class and global market, CMC Markets is a great choice for traders looking for a multi-asset solution and broad range CFDs and forex pairs at competitive prices.

CMC Markets Forex / CMC Markets Singapore

Taxes

Offers better trading conditions for retail clients

iOCBCfx is a properly regulated Singaporean forex broker. Despite having a somewhat limited forex portfolio, when compared to other local forex brokers, it still offers better trading conditions for retail clients; lower deposit, higher leverage, even though much lower than that of larger international brokers, and tighter spreads. In some respect they are comparable to those of the global players present in Singapore and can turn out to be very helpful for those who wish to do business with a local broker.

iOCBC FX Platform / OCBC Securities

Taxes

Offers trading of currencies, indices, stocks, futures, options and commodities

KGI Futures is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile, MaxxTrader, CQG, TT and KGI Futures trading platforms. Regarding orders execution model, KGI Futuresis an A-book broker. KGI Futures offers trading of currencies, indices, stocks, futures, options and commodities. KGI Futures is unregulated and that perhaps may be the only dark grey area.

KGI Forex / KGI Securities Singapore

Taxes

I keep missing my entry points in trades due to the error message and connection issues

Since I signed up with them a little over a week ago it’s been issue after issue. From the pairs malfunction to the system always being offline, not connected to MT4. I keep missing my entry points in trades due to the error message "Not Connected" & "Off Quotes" indicating they have connection issues. I'm very pissed off and I want my money back in order to find a new broker because this is beyond ridiculous.

IG Forex / IG Asia

Taxes

Forex Trading services via MetaTrader 4, MT4 Mobile, Oanda Desktop and Web trading platforms

OANDA is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile,Oanda Desktop and Web trading platforms. Regarding orders execution model, OANDA is a b-book broker that is a market maker. OANDA offers trading of currencies, indices, bonds, CFDs and commodities. OANDA is regulated by the CFTC (USA), the FCA (UK), the Monetary Authority of Singapore and the ASIC (Australia). This information should help to put your mind to rest knowing they are regulated.

OANDA Forex / OANDA Asia Pacific