Singapore Taxation
Gary Wee Chong is aged 62 and works as a senior engineer in Singapore for a large Singaporean engineering practice. He is married. His wife is retried and does not work His job requires him to work in Singapore as well as travel to Thailand, Philippines, Indonesia and Australia to service clients of his employer. He spends approximately 32 days in the year overseas. He also has a son who lives in Australia and his employer paid his airfare to visit his son in Perth. While he was there he also took the opportunity to do some work on behalf of his client. During the year ended 31 December 2021 he received the following Note1: the leave pay was paid on 1 December 2021 and related to the period to 31 January 2022 ( 2 months). Note 2: He contributes to the CPF at the rate of 13% PAYMENTS: Note1: the leave pay was paid on 1 December 2021 and related to the period to 31 January 2022 ( 2 months). Note 2: He contributes to the CPF at the rate of 13% PAYMENTS: During the year ended 31 December 2021 the following payments were made by: Timothy: Annual subscription to the Singapore Institute of Engineers $2,800 REQUIRED: Calculate the chargeable income for Gary and the tax payable for the year of assessment 2022 only. In your answer you must explain the treatment of each item listed in the question whether it is income, a deduction or not. Marks will be deducted if you do not explain each item. Gary Wee Chong is aged 62 and works as a senior engineer in Singapore for a large Singaporean engineering practice. He is married. His wife is retried and does not work His job requires him to work in Singapore as well as travel to Thailand, Philippines, Indonesia and Australia to service clients of his employer. He spends approximately 32 days in the year overseas. He also has a son who lives in Australia and his employer paid his airfare to visit his son in Perth. While he was there he also took the opportunity to do some work on behalf of his client. During the year ended 31 December 2021 he received the following Note1: the leave pay was paid on 1 December 2021 and related to the period to 31 January 2022 ( 2 months). Note 2: He contributes to the CPF at the rate of 13% PAYMENTS: Note1: the leave pay was paid on 1 December 2021 and related to the period to 31 January 2022 ( 2 months). Note 2: He contributes to the CPF at the rate of 13% PAYMENTS: During the year ended 31 December 2021 the following payments were made by: Timothy: Annual subscription to the Singapore Institute of Engineers $2,800 REQUIRED: Calculate the chargeable income for Gary and the tax payable for the year of assessment 2022 only. In your answer you must explain the treatment of each item listed in the question whether it is income, a deduction or not. Marks will be deducted if you do not explain each item
