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Double Tax Agreements Decoded – A Must-Read for Australian Expats

May 17, 2023 at 10:20 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/double-tax-agreements-decoded-a-must-read-for-australian-expats/ As an Australian expat, navigating the complex world of taxes can be overwhelming. However, there’s good news. Double tax agreements, also known as tax treaties, play a crucial role in ensuring that you don’t pay taxes twice on the same income. In this blog post, we will demystify double tax agreements and explain their importance for Australian expats around the world. So, whether you’re in Singapore, the United States of America, Dubai, Hong Kong, or any other country, this article is a must-read to help you make the most of your tax situation….

Australian Budget 2023 – Winners, Losers and Australian Expats

May 10, 2023 at 04:30 PM — by Tiffany Toh

The Australian Federal Budget for 2023 was delivered on Tuesday 9th May, which delivered the first surplus in 15 years, which came as no surprise to anybody. The Budget surplus was driven by commodity prices, particularly iron ore being significantly higher than Treasury’s forecast of US$55, record low unemployment rates, and general bracket creep resulting in higher than expected tax receipts. To put it in perspective, the current Government is expected to bank a further $22 billion in additional revenue from the record coal and iron ore prices we are currently seeing. It’s important to note that the surplus will…

Tax Rate Comparison – Singapore vs. Australia

March 15, 2023 at 10:51 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/tax-rate-comparison-singapore-vs-australia/ When it comes to managing your finances, taxes can have a big impact on your bottom line. That’s why it’s important to compare tax rates between countries if you’re thinking about moving or investing overseas. Understanding the tax systems and incentives of different countries can help you make more informed decisions and potentially save you money. Singapore and Australia have two very different tax systems. Singapore has a reputation for having low tax rates and a business-friendly environment, while Australia’s tax system is more comprehensive, with higher rates and more social welfare programs….

Why Savvy Investors See Opportunity in Volatility

March 10, 2023 at 10:25 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/why-savvy-investors-see-opportunity-in-volatility/ If in doubt, check the data. The numbers don’t lie. A stock market recession, or slowing economic growth can be one of the best times to be investing. Whether it’s increasing your regular monthly contributions, adding idle cash sitting in your bank account, or getting started with your investment portfolio, all can be a sensible strategy during these volatile times. This week we’re exploring the data and why investors should be seeking to use this volatility as an opportunity, rather than anything to be afraid of. We’ll be taking a look at previous…

Don’t Get Caught – Deemed Exercise Rules for Australians Leaving Singapore

March 1, 2023 at 10:40 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/deemed-exercise-rules/ As an Australian expat leaving Singapore, there are several tax implications that you need to be aware of, including the Deemed Exercise rules. Failing to understand these rules can result in penalties and fines, which can be costly. In this blog post, I will provide you with an overview of the Deemed Exercise rules and explain how you can minimise your tax liability when leaving Singapore. Let’s start with what the Deemed Exercise rules are The Deemed Exercise rules are a set of tax rules that apply to Australian expats who hold employee share…

Personal Finance Checklist for Moving to Singapore

February 15, 2023 at 10:20 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/moving-to-singapore-personal-finance-checklist/ Singapore is a popular destination for Australian expats due to its strong economy, high standard of living, and excellent quality of life. The city-state offers a diverse cultural experience, with a blend of Western and Asian influences, making it an attractive option for those looking to immerse themselves in a new culture. Additionally, Singapore is known for its excellent healthcare system, efficient public transportation, and low crime rate, which make it a safe and convenient place to live. The country also has a thriving expat community, providing ample opportunities for socializing and making new…

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