Q: How a company in Singapore can send my salary in New Zealand?

When working remotely for a corporation in Singapore , you salary can be send to New Zealand but not the other way around. The employer can only send salary to New Zealand if they have an agreement with a bank. The bank will only allow the transfer of salary if they are confident that the salary is going to be used in New Zealand. The bank will only accept the salary as a wire transfer and will ask for a bank account number. The bank will ask the employer for a letter confirming that the salary is going to be used in New Zealand. If you are working in New Zealand, the employer cannot send salary to your bank account in Singapore . If you are working in Singapore, the employer cannot send salary to your bank account in New Zealand. The employer cannot send salary to the bank account of the employee if they are not a New Zealand resident. If you are a New Zealand resident, the employer can send your salary to your New Zealand bank account.

Question 1

Can I work remotely for a company in Singapore while being in New Zealand?

Accepted Answer

It is usually doable, but we recommand to check the following key points first:

Is the company in Singapore or in New Zealand?
Is the company based in Singapore or in New Zealand?
Is the company a Singaporean or a New Zealandan company?

I am a Singaporean and I want to work in New Zealand.

Question 2

How to live in New Zealand and find remote work in Singapore?

Accepted Answer

Finding remote work in Singapore if you are located in New Zealand might be difficult, therefore we recommend you to move to Singapore. Singapore is a booming city with many remote jobs available in the IT industry.

Singapore is a major hub for global business, it has a modern infrastructure and it is safe. Singapore is also one of the safest countries in the world.
The city has many remote jobs available, especially in the IT sector. You can work from your home, a coffee shop or even a coworking space.
If you want to find remote work in Singapore, you can start with these companies:
Remote Jobs in Singapore
Remote Jobs in Singapore are a great way to earn money from home. Some companies pay monthly, others pay per project, others pay per hour and others pay per hour.
We have selected the best remote jobs in Singapore that you can apply from home. We have only selected the companies that we know and that we trust.
How to find remote work in Singapore
Before you apply for a remote job in Singapore, you should know the market.
The market in Singapore is very competitive, you should try to find a company that is already established in the market.
If you are new in the market, you will have a hard time finding remote jobs.
You should find a company that has a good reputation in the market, that has a good feedback in the market and that has many remote workers.

Question 3

How a company in Singapore can send my salary in New Zealand?

Accepted Answer

When working remotely for a corporation in Singapore, you salary can be send to New Zealand but not the other way around.

The employer can only send salary to New Zealand if they have an agreement with a bank.
The bank will only allow the transfer of salary if they are confident that the salary is going to be used in New Zealand.
The bank will only accept the salary as a wire transfer and will ask for a bank account number.
The bank will ask the employer for a letter confirming that the salary is going to be used in New Zealand.
If you are working in New Zealand, the employer cannot send salary to your bank account in Singapore.
If you are working in Singapore, the employer cannot send salary to your bank account in New Zealand.
The employer cannot send salary to the bank account of the employee if they are not a New Zealand resident.
If you are a New Zealand resident, the employer can send your salary to your New Zealand bank account.

Question 4

Where to pay my taxes when working remotely in New Zealand for a company in Singapore?

Accepted Answer

If you are working remotely in New Zealand for a corporation established in Singapore, taxes could seem complicated but in fact , they are not.

As a self-employed worker in New Zealand, the taxes that you pay depend on the kind of work you are doing. If you are a freelancer, your income will be taxed differently from that of a salaried worker.
In this article, we will go through the different types of taxation that you can expect to pay as a freelancer.
Taxation in New Zealand
In New Zealand, the basic rate of income tax is 33% and the higher rate of income tax is 48%. The New Zealand government has a progressive tax system. The tax burden is higher for higher income earners.
The tax on the earnings of self-employed people is called the “superannuation tax”.
There are also various other taxes that you need to pay, such as the GST tax, the fuel tax, the tobacco tax, and the alcohol tax.
New Zealand has a flat tax system. You pay the same rate of tax on your earnings regardless of how much you earn.
Taxation in Singapore
In Singapore, the basic rate of income tax is 33%, and the higher rate of income tax is 50%.