MoneyDuck Experts
Waiting for your Request!
Forum
Last updated: 

Do people who are handicapped excempted to tax?

A friend of mine is handicapped since birth. He just came here to Singapore to be a resident. He is planning to stay here for a long time. In his country being handicapped gives him discounts, exemptions, and other privileges. Can he also get those privileges here? He does not know where to get those.

User comments

  • user image

    No Name

    Singapore is a small country that is also progressive when it comes to the economy. There are many people who are handicapped at the same time working. Even they are handicapped, they are also given taxes. Remember that even when you but food and other things, tax is applied. Those who are PWD's can get discounts, still depending on the stores' policy

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Products

Related Forums

How does wage garnishment work?

You need to understand what garnishment means and how it works. The creditors won your case and the court orders your employer to withhold a part of your paycheck. Next is to know your right in this situation. Your employer can not just take money from your salary. Follow all the process and pay your debt to lessen your problems.

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

When you are loaning at the banks, they break you down the percentage of how much you will loan and how much interest will be added to it. For example, when you are loaning for a car, it can take up to seven years of payment with 12% interest. Of course you are acquiring a product and every product have its taxes. When you loan to other companies the interest rate is different from the bank.

will i still pay taxes when my company went bankrupt?

A debtor can voluntarily file for bankruptcy in Singapore if they owe and cannot repay debts of at least S$15,000. If the debtor is declared bankrupt, their assets will be sold and the proceeds put into a bankruptcy estate. This excludes any assets that are protected from bankruptcy, such as HDB flats.

What law do taxpayers violate when they ask for more?

To be honest, if this was reported, the both of you will face aproblem; The taxpayer for being dishonest and asking for more which is basically used the victims disadvantage at the situation while the victim for having outdated record book. It can actually be the cause for the possible forced shutdown of the company.

Middleman to contact all the person in debt

Although it is nice to have a person who will be in charge of the notice, if you are going to think about it, you have a variety of choices. There is social media nowadays that can be used as a platform to communicate with the ones in debt. It will also be less hassle to use social media, plus you do not need to pay someone to do some tasks for you. But if the middleman you're going to use is someone that you trust so much, then it is still up to you.

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

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.

Related Providers

Related Reviews

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

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

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

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

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

RoboForex is a hybrid broker

RoboForex is a Forex Broker offering Forex Trading services via MetaTrader 4, MetaTrader 5, MT4 and MT5 Mobile, cTrader and Web trading platforms. RoboForex is a hybrid broker meaning both a book and b book broker or market maker. RoboForex offers trading of currencies, indices, CFDs and commodities and is regulated by the CySEC (Cyprus)

RoboForex / RoboForex

Trending topics