Visa Taxation Process Simplified

 taxation service

While looking for a job in another country, people usually first worry about the language, culture, expenses, and basic daily needs like a place to live, eat and sleep. But are these the important ones? The answer is no. You have to understand the system and rules of the new place first. You can learn from others quickly, but this is complex and must be clarified. You need to know about the visa requirements and the taxation system.

Visa Requirements

While allowing a person to visit or work, every country has a set of eligibility criteria. Ensure you meet this criterion while looking for a job in Singapore. There are many kinds of visas available. They are

  • Employment Pass

You need to have a fixed monthly salary of at least $4,500.

  • S pass-
  • This is for mid-skilled workers.

Required salary of $2500 and work experience

  • Dependent Pass

A Visa for spouses and children below 21 years is called a dependent’s visa.

Alternatively, if you are looking for a permanent residence visa, then try under the category of Global Investor Program, Established business owners, Next Generation Business owners, and more. Understand and evaluate all your options, and find a visa service singapore.

Taxation

This is another detail to look into before migrating to another country. The tax system is not that complicated in Singapore. If you want to work here or own a business, learn the basics.

  • Corporate Income Tax-

Corporate taxes are to be filed before 30 November, three months from the end of the financial year.

  • Personal Income tax-

Total income is more than $22000 or has booked a profit of $6000 in a business they own.

  • Goods and Services Tax

GST registered companies have to pay taxes every year.

To familiarise yourself with the workings of the taxation proceedings and look for deductions and claims under various clauses and rules, consult taxation service singapore providers.

Conclusion

Before migrating, understand these procedures, take actions accordingly and fly in. You will be welcomed.