Can Sole Proprietarship Take Advantage of New Tax Bill

For Cocky-Employed Persons and Partnerships

(including trade, business, profession and vocation income)

Am I a Self-Employed Person?

Check if you are considered a Self-Employed Person

Revenue enhancement obligations of Self-Employed Persons

Filing responsibilities of Self-Employed Persons

Sole-Proprietorship Outset-Up Kit
Bones guide for Cocky-Employed Persons
Filing responsibilities of Self-Employed Persons (including individual partners)
Pre-filling of income and fixed expense deduction ratio for Self-Employed Persons (SEPs)
No-Filing Service (NFS) for Self-Employed Persons (SEPs) under the Pre-filling of Income scheme
Tax obligations past manufacture, merchandise or profession
Keeping proper records and accounts
Tax obligations of foreigners ceasing business or leaving Singapore permanently

Taxation obligations of Partnerships

Filing responsibilities of precedent and individual partners

Partnership Start-Up Kit
Bones guide for Partnerships
Types of Partnerships
Responsibilities of precedent partners
Withholding Tax
Income from holding rented out (for Partnerships)
Keeping proper records and accounts
Tax obligations of foreigners ceasing business or leaving Singapore permanently
Taxation obligations of Partnerships endmost down (Striking-Off/De-Registering)

Tax obligations by industry, trade or profession

For specific industries/professions such equally private rent car drivers, social media influencers etc

Filing and payment

Managing myTax Portal account

Gear up myTax Portal business relationship using Singpass, and update particulars and contact details

Setting upward myTax Portal account
Singpass Strange user Account (SFA) for foreign individuals
Update particulars
Managing your individual client's income tax matters via myTax Portal

Understanding my Income Tax filing

Use the filing checker to cheque if you need to file a taxation return

Tax Season 2022 - All you need to know
Tax Season 2022 - About your tax bill
Individuals required to file tax
Filing checker
What is taxable, what is not
Tax reliefs, rebates & deductions
e-Filing your Income Tax Return
Common filing mistakes
Filing a paper Income Tax Return
Making changes later filing/receiving tax neb
Late filing or non-filing of Individual Income Tax Returns (Form B1/B/P/Thousand)

Calculating my business income

Check taxability of income and report revenue, deductions etc equally part of your total personal income

Calculating concern income
Types of taxable business income
Preparing argument of accounts
Business expenses and deductions
Common filing mistakes to avoid
Reporting income previously not reported

Business organisation expenses and deductions

Allowable business expenses etc that make up your deductions

Tax residency and taxation rates

Check if you are a tax resident, and acquire the benefits of tax residency in Singapore

Working out my tax residency
Individual Income Tax rates
Sample Income Tax calculations
Challenge Exemptions under Abstention of Double Taxation Agreements (DTAs)
Applying for Certificate of Residence
Challenge for Foreign Tax Credit

Tax reliefs, rebates and deductions

Check the tax deductions to claim (reliefs and rebates are applicable to revenue enhancement residents only)

Receive tax bill, pay taxation, check refunds

Read your tax bill and find out the unlike payment modes

Getting my tax cess
Understanding my tax assessment
Making changes later on filing/receiving tax beak
How to pay
Refunds
Experiencing difficulties in paying your tax?
Belatedly payment or not-payment of taxes

I take other side or personal income

Check its taxability in this comprehensive listing, then check if you need to file a tax return using the filing checker

Special taxation schemes

Taxation schemes relating to Individual Income Revenue enhancement at a glance

Affections Investors Tax Deduction Scheme (AITD)
Expanse Representative Scheme
Not Usually Resident (NOR) Scheme
SRS contributions and tax relief
Taxation on SRS withdrawals
Withholding Tax on SRS

Singapore's Competent Authorities for International Tax Agreements

Consequences of non-compliance

Learn about IRAS' audit processes and penalties for wrong income reporting

Errors in tax returns
Getting individuals to comply
Individual audits by IRAS

Voluntary disclosure of errors

Make a voluntary disclosure of whatsoever omission or nether-declaration of income

Report tax evasion

Written report someone to IRAS if you lot think they are evading taxation

Reporting tax evasion or fraud
Investigation by IRAS

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Source: https://www.iras.gov.sg/taxes/individual-income-tax/self-employed-and-partnerships