Ever wondered how to calculate your taxes? If you knew how much you had to pay, you could start setting aside some money with each paycheck, so that you won’t get a shock when your ‘contribution to nation-building‘ is due.
IRAS has a free excel calculator, where you can download and input your pay and other details, and it’ll cough up how much taxes you have to pay.
Do note that their donation notes are not up-to-date. Tax relief for donations made to an approved charity organization is 2.5 times amount, and not 2.
We have recently released a new tax calculator that allows entrepreneurs to easily compare the estimated taxes they would pay in Singapore with those in another country. The tax calculator is available at http://www.guidemesingapore.com/singapore-tax-calculator.
How to calculate a property tax for a property bought at
$1.2mil in Singapore
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