What US expat taxes in Singapore
No matter where you live, if you are a citizen of US, you have to file US taxes. In case you live a country like Singapore and you are still considered as us citizen, paying attention to us expat tax return can save a big amount of money for you. Singapore has become one of the most favorable places for US citizens and there are several reasons behind this. In Singapore, these people feel secure and can avail all the facilities that are needed to live a better lifestyle. If you are also living in Singapore to these reasons but not paying attention to file US taxes from there, then the time has come to go for it and file american tax for us residents living Singapore.
By doing this, taxpayers can get rid of double taxation. Thus, the most vital point here is that what is double taxation? You have to pay taxes to the government of Singapore as you are living here. But, your native country that is US is also there where you have to pay tax because US among those countries in the world where they have implemented taxation on international income. Therefore, you have to meet those taxation requires of US and in this case, you need to pay it. Thus, once you file US taxes from Singapore, you can easily save a lot of money while paying tax to only one nation. This is where the US expat tax return service can help you. These service providers can show you the right wat to fike taxes.
This is rule is also applicable for US people who use to live at other places of the world. Missing or ignoring to file the US taxes may come across legal activities. This is what you will surely not like to face whatsoever. This could be a reason that you are in Singapore for a job. You are going to earn for yourself and your family. However, at the same time, you need to take a decision about knowing how to file US taxes from Singapore. You have to understand how the US expat tax-related needs are going to reflect you living in Singapore. Also, know what sorts of expat taxes you have to pay to the native country when you are living in the Singapore. Here, US expat taxes Singapore services can help you to determine all those things in the best possible way.
Tax slabs for US citizens living in Singapore
The income tax levels for people are low in Singapore compared to many countries. The system here is progressive.
0% On SGD 1 - SGD 20,000
2% SGD 20,001 - SGD 30,000
3,5% SGD 30,001 - SGD 40,000
7% SGD 40,001 - SGD 80,000
11,5% SGD 80,001 - SGD 120,000
15% SGD 120,001 - SGD 160,000
18% SGD 160,001 - SGD 200,000
19% SGD 200,001 - SGD 240,000
19,5% SGD 240,001 - SGD 280,000
20% SGD 280,001 - SGD 320,000
22% SGD 320,001 and up
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