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Originally Posted by totoro Hallo all,
...If SIN is lower, I will discuss with HR to have part of my fixed income to be in $S.
Thanks for your sharing. 
cheers |
It doesn't quite work like that. Which country serious about its income tax regime would offer such a wonderful loophole to all and sundry? If you are tax-resident in HK you're supposed to include for HK tax all your salary relating to that work regardless of where and in which currency it's paid. Many expats in HK get paid solely in home country, but it still counts as taxable income in HK. Of course, you might think you could have your company concoct a "contract" for HK where nothing is mentioned about the Sing portion, but you're on your own (and besides yourself also exposing your company to grave risk) if you tread that path.... though there'd have to be some people and businesses in HK who get away with such things. Splitting receipt of income is generally for convenience and not having to convert.
What you can exclude is income relating to work done overseas other than for your HK office (pro-rated by no. of days spent overseas for that - with calculation and details of travel days featured explicitly on your tax submission).
