MOE aware of over-reporting of taxable income, staff will not be taxed more than necessary

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 17%
  • Publisher: 66%

SINGAPORE: Ministry of Education (MOE) employees who had their taxable income over-reported to the Inland Revenue Authority of Singapore (IRAS) will not be taxed more than necessary, said the ministry on Wednesday (Mar 16). This comes after several accounts emerged on the Salary.com portal over the w

Singapore Headlines News

Singapore Latest News, Singapore Headlines

SINGAPORE: Ministry of Education employees who had their taxable income over-reported to the Inland Revenue Authority of Singapore will not be taxed more than necessary, said the ministry on Wednesday .

Under the CONNECT Plan, MOE officers receive payouts at defined points every three to five years during their career. The plan was implemented in 2002. This is double of what he had received, and resulted in his taxable income hitting more than S$100,000, with an income tax of about S$5,000, he said. “No matter how we did the sums, even if we added our first payout and our second payout, it still wouldn’t hit S$40,000,” Bryan said, adding that he then contacted MOE’s human resources department for assistance.

“Being with MOE we just take it for granted, whether or not it’s a good or bad thing, that there’ll be nothing wrong with our income filed,” said Bryan.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lee Kuan Yew's lawyer need not be disciplined for not destroying his early wills, rules apex court
Source: straits_times - 🏆 5. / 69 Read more »

China does not want to be 'affected' by Russia sanctions: Foreign ministerBEIJING — China does not want to be impacted by Western economic sanctions on Russia, state media reported Tuesday (March 15), as pressure grows on Beijing to withdraw support from an isolated Moscow.
Source: TODAYonline - 🏆 1. / 99 Read more »

TVB Denies Reports That Their Staff Will Camp Out In The Company; Says Plan Was Just Part Of Their “Budget Work”So did they buy all those sleeping bags or not?
Source: TODAYonline - 🏆 1. / 99 Read more »

Moderna president says 4th COVID-19 shot is probably only necessary for older and immunocompromised peopleYoung, healthy people may choose not to get boosted if they're not concerned about infection or mild disease, Moderna President Stephen Hoge said. Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles
Source: YahooSG - 🏆 3. / 71 Read more »

Court of Appeal affirms dismissal of complaint against Lee Kuan Yew's lawyer over handling of earlier willsSINGAPORE — The Court of Appeal on Monday (March 14) affirmed the determination by the Council of the Law Society to dismiss a complaint made against the late Mr Lee Kuan Yew’s lawyer, Ms Kwa Kim Li. Not surprising la
Source: TODAYonline - 🏆 1. / 99 Read more »

2 men smash plates, threaten staff at Punggol restaurant; police investigatingWhile diners were tucking into their meals last Saturday (March 12), a pair of men caused a scene at a Punggol eatery. In a Facebook post the next day, Carol Tan wrote that the men were rude and hostile towards the staff and other customers at Fat Po. Some of their antics included smoking at the restaurant and smashing plates...
Source: asiaonecom - 🏆 10. / 59 Read more »