Tax Clearance

Tax Clearance

If you are a Work Permit holder (not an Employment Pass holder) AND your income is less than 20K during the calendar year. If your income for the previous year (2011) was more than 20K then your employer will have to file tax clearance (IR-21) and pay your taxes and deduct those taxes from your final salary.

By law, they must keep your final salary until such time as either tax clearance has been paid or it is determined that tax clearance is not necessary. (If you earned less than 20K in 2011 or 2012 the employer is not even required to file the IR-21).

Source: Singapore Expats Forum

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06 Mar 2012
Singapore Expats Forum