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Latest Forum Posts
Re: DP opening business abroad - taxation
All very interesting... especially the part about no taxes due in Denmark for your current employment.
In general, dividends, even foreign sourced dividends, are not taxable in Singapore but after reading through the complexities of Danish tax law, I'd say you've got a whole 'nother set of communications with the Singapore and Danish tax authorities with respect to your own startup business.
Posted in Careers & Jobs in Singapore
Re: B1 industrial unit - left with 40 years
I'd rather buy REITS if I really want to invest in property.
Posted in Property Talk, Housing & Rental
B1 industrial unit - left with 40 years
Any some expert advice, would you buy a B1 industrial unit with a 40 years lease left..rental is probably about 4-5 % yield. Monthly maintenance about $200-300/month...
My biggest concern is the short remaining lease... and whether would anyone want when it's less than 40 yrs..in future
Posted in Property Talk, Housing & Rental
Re: DP opening business abroad - taxation
Wow, thanks for looking into this. I'm afraid the question has opened up a topic that I wasn't really intending to get answered - all my tax issues in Denmark are solved. I have official notice from tax authorities in Denmark that I am not obliged to pay taxes while residing in Singapore despite working for a Danish company. I also have written notification from MoM that I am allowed to work for the Danish company as long as they don't have any business in Singapore. And I've had an accountant prepare my taxes here in Singapore for the past years. So, I don't really have any open questions on my current tax situation. It was more the tax situation in Singpore if I'd open up a business abroad, especially if that would involve getting dividends. But I can see that this is a very special case, probably there is no information on similar cases available like I'd hoped for when I posted this message.
Posted in Careers & Jobs in Singapore
Re: My Singapore Citizenship Journey (Caucasian)
Congrats! very much like my own transition, except it was still covid time so no tour or sharing sessions. I remember walking out of the ICA building after collecting my pink IC and going across the road to buy currypuff and the boy manning the stall asked me where I'm from, to which I replied with a big grin "I'm Singaporean!"
Posted in Strictly Speaking
