The objective of tax planning is to arrange transactions to minimize tax legally. Tax evasion, on the other hand, involves the use of unlawful methods to eliminate tax. It is illegal and punishable by law.

The Basics (Who, What, When, Where, Why, How?)

(1) Who?

Tax residents include:

- A Singapore citizen or permanent resident who resides permanently in Singapore;

- A foreigner who has worked in Singapore for 183 days or more.

(2) What?

- Total Income: Includes income from business, salary from employment and rental income.

- Assessable Income: Total income less deductible expenses and donations.

- Chargeable Income: Assessable income less qualifying reliefs.

- Tax Rebate: The reduction of the amount of tax payable.

(3) When?

It is payable annually on a preceding year basis.

(4) Where?

The location is Singapore.

(5) Why?

Tax is a form of government revenue to implement National objectives like infrastructure, education, security, defense, health care, growing the economy, etc.

(6) How?

The returns need to be filed using the prescribed forms by 31 March.

Deductions to save tax

(1) Expenses

- Allowable employment expenses

- Rental expenses

- Net Annual Value expenses

(2) Donations

- To any approved Institution of a Public Character (IPC) or the Singapore Government that benefit the local community is tax-deductible.

- Qualify for double tax deductions. (2.5x for donations made during the period from 1 January 2010 to 31 December 2010.)

(3) Reliefs

- Course fees relief

- CPF cash top-up relief

- CPF/provident fund relief

- Earned income relief

- Foreign maid levy relief

- Grandparent caregiver relief

- Handicapped brother/sister relief

- Life insurance relief

- NSman (self/wife/parent) relief

- Parent/handicapped parent relief

- Qualifying/handicapped child relief

- Supplementary Retirement Scheme (SRS) relief

- Spouse/handicapped spouse relief

- Working mother’s child relief

(4) Rebates

- Parenthood Tax Rebate (PTR) is a lump sum rebate (from $5,000 to $20,000) given to married Singapore tax residents for the 1st child to 5th child and subsequent children.

Areas To Plan

(1) Maximizing CPF Relief

Differentiating ordinary (Max: $4,500) and additional wages (Max: $76,500 – Ordinary wages) in an ideal manner to contribute the maximum to CPF. The contribution above the statutory requirement will be subject to tax.

(2) SRS

Contributing to SRS.

(3) Benefits In Kind

Provision of accommodation, motor vehicle, leave of passage and hotel accommodations by the company tend to have lower IRAS deemed rates compared if the benefit was provided as a cash allowance which is fully taxable.

(4) Separate Assessment

Husband and wife would usually have lower tax liability by electing for separate assessment.

(5) Contribution To Parents CPF Account

Contribute cash towards aged parents under the CPF Minimum Sum Scheme.

(6) Timing purchases and expenses

For purchases and expenses that can be planned for, time them so as to enjoy maximum tax relief. For example, carrying it out on the year with the higher chargeable income or on a following year if the relief has already been fully utilized in the preceding year.

Reviewing

Do note that tax policies are constantly changing and it is important to get the most updated information from the source (i.e. IRAS) to plan ahead to legally minimize tax payable.

Thailand Saintdenis

The video looks at how the Leopard 2A4 tanks add more punch to the 3rd Generation SAF. It also shows what goes into the making of a Leopard tank crew in order to meet the operational needs of the SAF.

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It would be great if you are Malaysian when reading this. You should know that with the Internet all nations are now “without walls” in terms of communication and business. Besides finding out how do people in Malaysia earn a living, you will also learn a little more about other income streams to choose from.

Singapore and Malaysia are just next to each other and even though they are just a bridge apart there is a huge gap somehow. This gap is not how the Malaysian’s eat or play in comparison with Singaporean’s. Simply put it is the difference in the lifestyle and purchasing power.

Yeah, inflation seems to be pretty high in Malaysia. For instance, you want to buy a nice shirt (with some fancy design from Taiwan) and see that the local garment shops offer you a price of RM (ringgit malaysia) 45. In stark contrast, the same exact design in Singapore could be SGD$15 or less.

You will see why now why some Singaporeans ask about how do people in Malaysia earn a living. It’s just unimaginable that someone gets about RM1800 working as a senior technician and yet in Singapore the same person earns SGD1800.

Dollar to dollar. Yet not the same because the price of goods are tremendously cheaper. Meaning purchasing power is higher in developed countries. Enough of small talk. Now we will move on to something more interesting.

Yeah, you have heard about stupid programs which cheats you of your hard earned cash. I’m not talking about that. Rather, about you starting an online business and still be able to make a fortune while living in Malaysia.

If you are Malaysian, you have probably walked into a bookstore (like MPH or Popular) and spotted some so-called “Internet marketing, blah blah..” books. Obviously, we’re not even going to go there. Fellow Malaysian, earning Dollars is very very rewarding. You can tell by the exchange rate.

Just follow the instructions below (trust yourself):

1) Never Listen To A ‘Big Shot’

Anyone who tells you how much they earn every month ‘automatically’ are likely con-men. Look for the humble ones because they tell the truth.

2) Love Your Family, Follow Your Heart

Your family has been brought up to earn a living not a fortune. You know how do people in malaysia earn a living already. It’s the mentality. Choose freedom not security that would be starting your own malaysia online business.

3) Find Like-Minded Friends

Friends who think the same as you can both act as a guide, encouragement and someone you can trust. Just make sure they are successful in earning good income online already.

In conclusion, you do not have to follow the same lifestyle like how do people in Malaysia earn a living normally. Change your financial destiny. Learn affiliate marketing and launch your malaysia online business today.

Saintdenis Thailand

PLEASE DO NOT RE-UPLOAD THIS. Do credit us, if you’re embedding this video elsewhere. Thank you. Report: twilightsingapore.com Video: twilightsingapore.com Twilight Press Conference In Tokyo (Part 4/4) 27th February 2009 Taylor Lautner, Kristen Stewart & Robert Pattinson

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Most of the exoskeleton suits are still in work and some of them work pretty well, but they are thinking too small and are too much under budget. Exoskeleton suits as everyone knows can be used for just about anything on the ground, combat or non-combat alike. If the current exo suit is as good as it says, I think they should look to a higher view. Of course this is a good starter but not good for lifting anything if your arms can’t handle it.

If they start thinking bigger and better like in the movies like you say, it can definitely do a lot better. Example, one worker exo could replace 3 people working on a construction project at the same speed, but 3 exo workers could get it done in a far faster time limit thus getting the whole project done far faster. Some people will say it will take jobs away instead of creating them. But if you don’t take away the jobs the fighting force overall will work much faster and efficient.

I’ve had an idea a little before, maybe some other people may have had the idea too, but if they work on the obliques a lot more and included arms for it. Maybe in case they had to tip a car over for cover, add the Dragon skin armor for plaiting around the whole exo which would cover the body shell and put a helmet on with all kinds of tech in it, and make it almost impossible for a bullet to slip in and still comfortable and quick moving. It could make a good front line assault group that can be used for certain missions.

And you know those soldiers that get booted from the army for being too strong…give those guys these and in case for some reason the system fails. They will be able to unload some of the more heavier stuff and still be able to move around on there own. Ideally like medieval times, there would be knights that wore armor into battle and really did some good punches to overall battles that may have took a lot more lives to defeat. I know a lot of people would think these are stupid ideas but if you get the right people and trained them good to pilot anything close to what I just said, it would be like you have god himself on your side.

As a former design specialist working for a DOD contractor the design of piloted and remote control was in development in the mid 80’s. The problems then were 1 Power 2 reset 3 panic the first verbal control panic button was Reset and returning unit to “Zero” Power was limited to battery, hydraulic, and diesel. The exoskeleton issue is to structure the system needs to closely fit the environment.

One can only wonder what will happen to all that delicate equipment when a little sand or dust gets in there. Will it short out when a soldier must cross a stream or the humidity of a rainy day? Care for a roll in the mud? I am a great enthusiast of sci-fi equipment. If you want an equipment hauler for here and now the bicycle is a simple, proven, and available combat vehicle.

The bicycle was the secret weapon that allowed 30,000 Japanese to defeat 100,000 British at Singapore in World War II. By traveling 3 times faster than on foot the Japanese were able to project an image of about the same size force as the British. Given Japanese control of sea and air “resistance was futile”. The Viet Cong proved the bicycle was a formidable hauler of supplies. The Germans had a bicycle corps trained to jump off their bikes and become infantry in seconds. The bicycle was considered ideal for recon and Special Forces.

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