Basics of Individual Income Tax ; Managing myTax Portal account · Understanding my Income Tax filing · Tax residency and tax rates · What is taxable, what is not · Tax reliefs, rebates and deductions · Receive tax bill, pay tax, check refunds · Consequences of non-compliance · Voluntary disclosure of errors for reduced penalties · Report tax evasion
Are at least 18 years of age; ; Are not an undischarged bankrupt; and ; Are not having a mental disorder; and are capable of managing yourself and your affairs.
Tax Treatment of Donations with Benefits IRAS e-Tax Guide Tax Treatment on Donations with Benefits (Donations made on or after 19 March 2021) Tax Treatment of Donations with Benefits...
Records That Your Company Must Keep ; To run a business, it is important to have good record keeping. Companies that adopt good record keeping practices are able to: Your company must retain its records (including source documents and bank statements) and be able to explain all transactions relating to its income, business expenses, and purchases. Your company must also keep its accounting records and schedules which summarise its business transactions in a systematic order. Refer to the Record Keeping Checklist (PDF, 61KB) for a summary of the ...
GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network. This requirement will be implemented progressively: A soft launch for early adoption will commence from 1 May 2025, allowing any existing GST-registered businesses that wish to be early adopters to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network. There are plans to progressively implement the GST InvoiceNow Requirement for the remaining GST-registered businesses. We will continue ...
How to File Form C-S/ Form C-S (Lite)/ Form C for Dormant Companies ; Applying for a Waiver to File Form C-S/ Form C-S (Lite)/ Form C ; Recommencing Business ; FAQs
Normal IRAs also existed before ERISA. [1] Contents 1 Overview 2 Advantages 3 Disadvantages 4... Any potential benefits of claiming and reinvesting a tax deduction come from the expectation...
If company meets local employee condition and receives CIT Rebate Cash Grant of $2,000 : If CIT Rebate ≤ $2,000, no CIT Rebate to be given. If CIT Rebate > $2,000, CIT Rebate (capped at $40,000) less $2,000 to be given. If company does not meet local employee condition and does not receive CIT Rebate Cash Grant of $2,000 : If CIT Rebate > $0, CIT Rebate (capped at $40,000) to be given.
Get ready for Year of Assessment 2024: Learn about your tax bill! IRAS simplifies it. Understand charges, due dates, and payments easily.
The PIC scheme has expired after the Year of Assessment (YA) 2018. Businesses are not allowed to claim PIC benefits on expenditure incurred after the basis period of YA 2018.