27/03/2024
👨👩👧👦 Married couples and parents, learn about the tax reliefs and deductions available to you in this comprehensive guide. Claim the reliefs that you are eligible for and lower your tax bill this tax season!
More info at https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-reliefs-rebates-and-deductions/tax-savings-for-married-couples-and-families
File your taxes at myTax Portal by 18 Apr: https://mytax.iras.gov.sg/
30/03/2023
Running a side business or providing freelance services? You may be considered a gig worker! Check out this infographic on determining self-employment and other essential tax information for gig workers.
Not a gig worker? Find out more essential tax information by industry/trade for self-employed persons at https://go.gov.sg/tax-obligations-by-industry
More on at https://www.go.gov.sg/taxseason2023
File your taxes at myTax Portal by 18 Apr: https://mytax.iras.gov.sg/
27/03/2023
IRAS
Taxes & enterprise disbursements: A partner of the community in nation-building and inclusive growth
12/12/2022
Husband and Wife Convicted for Multiple Tax Evasions
Lim Meng Fatt and Gan Bee Bee, both aged 53, have been convicted by the Court today for Income Tax and Goods & Services Tax (GST) evasion, as well as fraudulently de-registering their company Wan Lin Healthcare Centre Pte Ltd (“Wan Lin”) from GST when in fact the company was still liable to be GST-registered. Gan Bee Bee was also convicted of abetting Wan Lin to make a false PIC claim.
Lim Meng Fatt was sentenced by the Court to 12 months' and 16 weeks' imprisonment and $1,163,668 in penalties. Gan Bee Bee was sentenced by the Court to 16 months' and 17 weeks' imprisonment and $1,175,818 in penalties.
24/03/2022
Are you selling products or providing services online for a profit? The income earned is taxable, even if it’s only on a part-time basis.
You need to e-file a tax return by 18 April if your total annual net trade income exceeded $6,000 (or your total annual taxable income exceeded $22,000) last year. The income earned from your online activities should be reported under "Trade, Business, Profession or Vocation" in your individual income tax form.
Find out more about the tax obligations of online sellers and service providers at go.gov.sg/tax-guide-online-sellers-service-providers
It’s tax season! File your taxes by 18 April at https://mytax.iras.gov.sg