Members, poh income tax liao buay?

last SG · 2014-03-22T21:21:38+00:00

3 rooms consider not very good citizen liao, good ones are those who bought 5 rooms and above HDB beside their private property

j007 SG

When dateline huh? Can declare nett $1.5k/month?

hammerhammer8888 SG

$800 enough liao

Reliefdriver4u SG

less than 1 k per mth

Keepthechange666 SG

I thought few years back already got some changes for IRAS declaration.....

Go check it out.....

Unless you got receive letter from IRAS.....

Keepthechange666 SG

Than Goberment work year standard 1 mah.....

April to April.....

So dateline before April lor.....

bowah SG

Govt more interested in medisave lah, income tax…for show only.

Again, come june, medisave contribution is going to be doubled

j007 SG

$800 enough liao

Zhun bo, later iras treat u ah kun, and contact company to see your fare income

j007 SG

I thought few years back already got some changes for IRAS declaration.....

Go check it out.....

Unless you got receive letter from IRAS.....

No letter, only SMS, ask u do it online

Keepthechange666 SG

Zhun bo, later iras treat u ah kun, and contact company to see your fare income

You si beh lazy leh.....

If you have received any letter, form or SMS informing you to file an Income Tax Return, you must file regardless of the amount of your annual income in the previous year or whether your employer is participating in the Auto-Inclusion Scheme (AIS) for Employment Income.

Check out our infographic which helps you separate hearsay from the facts.

Alternatively, you can check your filing requirements through SMS or check your filing requirement tool (47KB)

IRAS may waive the requirement to file an Income Tax Return for taxpayers who only have auto-included employment income and their relief claims are the same as the previous year.
Click here for more details.

Please submit your completed paper tax form to us by 15 Apr. If you e-File, you have up to 18 Apr to do so.

If you cannot submit your form by 15 Apr

Please send in your application to extend the filing due date before 31 Mar by email, fax or post .

Keepthechange666 SG

The 1st sentence say very clearly, "if you have received any letter, form or SMS informing you to file an Income Tax Return".....

If no receive....

They will tax you accordingly using your previous year declaration lor.....

Unless you yourself got changes.....

benqepson SG

Just a gentle reminder . IRAS has already collect data from respective taxi operator about TD income. They already know how much TD's income is. Whoever wants to declare less or more is up to your decision. Nobody puts a knife at your neck to make that decision . They gave you 45 days to make the declaration. Good luck.

Keepthechange666 SG

Recent years, there's a lot of TD rent out their flat or room to earn extra income.....

But take note hor, this rental collected must declared in your income tax also hor.....

Diablo9898 SG

Recent years, there's a lot of TD rent out their flat or room to earn extra income.....

But take note hor, this rental collected must declared in your income tax also hor.....

By right yes,, but then hor... there's always by left lor..

bowah SG

First you just declare yr core income, an estimate taxi income, that is all, the rest is income tax agency job.

If IRA never said anything and charge u base on the declared income, case close.

If IRA said that you got this and that income, then, apologise to them and they will just add in, and it will be reflected in yr income tax bill. UNDERSTAND.

Diablo9898 SG

First you just declare yr core income, an estimate taxi income, that is all, the rest is income tax agency job.

If IRA never said anything and charge u base on the declared income, case close.

If IRA said that you got this and that income, then, apologise to them and they will just add in, and it will be reflected in yr income tax bill. UNDERSTAND.

I'm referring to leasing out of your HDB flats lah.... it is taxable (by right) but also by left lor...

bowah SG

Tax what, how they know you rent out how much??? they only want you to register that you rent out your flat only, careless the income.

Property and captial gain are not taxable in Singapore leh, however they use thing like levies, gst and stamp duties to tax you.

bowah SG

Now you know why the rich get richer, they sold their properties, not taxable, they gain from shares, not taxable, so some of their income are massaged and transfer into capital gain income, no tax.

Keepthechange666 SG

Kian tio ho, mai kay kian.....

Once you rent out a HDB approved unit (those illegal subletting type not included), your property tax won't enjoy subsidized anymore.....

It will peg on to the annual value of your HDB unit.....

So you think IRAS won't know?.....

"Now you know why the rich get richer, they sold their properties, not taxable, they gain from shares, not taxable, so some of their income are massaged and transfer into capital gain income, no tax."

SMLJ??????......

Keepthechange666 SG

By right yes,, but then hor... there's always by left lor..

In our Goberment concept, there is no by left.....

benqepson SG

I rent my room and I have to inform HDB . Why ? If not nowadays its considered illegal subletting. Do you know the the walls got years ? Your neighbour can just called HDB and let them know. Immediately the PO will do a house Visit. If you have nice neighbours its ok. Your secret is safe. IRAS can check your IC into the system if your house is registered to HDB if its sublet. Then all the details is there. If a house agent do the subletting for you, they also know. Coz the house agent is registered with HDB.