fbpx

Expat Chat Ep 52 – Exit Taxes For Australian Expats In Singapore

 

Welcome to the fifty second episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about Singapore’s exit tax that is affecting Australian expats when they leave the country with company shares and options.

Singapore is a popular destination for Australian expats with its low tax environment, world class infrastructure and close proximity to Australia.

Estimates are that between 20,000 and 25,000 Australian expats reside in Singapore but unfortunately we’re meeting many who are unaware of the exit tax that the Singaporean Inland Revenue Authority are levying on departing Australians.

So what do Australian expats in Singapore need to be aware of before jumping on that plane at Changi airport for the last time?

Discussion Points on Todays Podcast Episode

 

In this episode we run through the following topics:

  • Interest rate update
  • What is the Singapore exit tax?
  • Do I need to pay it even if I haven’t sold any shares?
  • How is this calculated?
  • How quickly do I need to pay this?

Links that we discussed in this episode include:

Make Sure You Don’t Miss An Episode of the Expat Chat Podcast

 

To ensure you don’t miss any future episodes make sure you subscribe to our podcast on your favourite channels below.

As we’d like to educate as many Australian expats as possible we’d also sincerely appreciate it if you could share this page using the buttons at the bottom of this article.

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Sign up to receive news & financial tips directly