User Guide  Tax resident status, taxable income, and tax treatment of income … 3 minutes. Please click In 1948, the Income Tax Act was imposed. Income tax rates also tend to be lower than many countries. Appeal for waiver of late filing fees, late payment penalties and request for extension of time to file income tax returns and/or accounts after 18 Apr. (PDF, 112KB). User Guide Deductions for Individuals (Reliefs, Expenses, Donations), Basic Guide for New Individual Taxpayers (Foreigners), Individuals (Foreigners) Required to Pay Tax, Deductions for Individuals (Foreigners) (Expenses, Donations, Reliefs, Rebates), Self-Employed / Sole-Proprietors / Partners, Form C-S (Lite) - Simplified Tax Return for Companies With Revenue $200,000 or Below, Filing Estimated Chargeable Income (ECI) and Paying Estimated Taxes. What should I do if I have difficulty paying the premium? Submission NRIC/FIN), Information pertaining to costs incurred on qualifying activities, Your tax reference number (e.g. Business Registration Number/Partnership Tax Reference Number, if applicable (for self-employed and partners only). Step-by-step guide for Sole-proprietorships (PDF, 299KB). A Taxpayer Identification Number, or TIN, is a unique combination of characters assigned by a country’s tax authority to a person (individual or entity) and used to identify that person for the purposes of administering the country’s tax … Singapore is a well-known tax haven with low corporate tax rates. Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Step-by-step guide for Sole-proprietorships, Need help to e-File: IRAS Hotline and e-Filing Service Centre, Request Penalty Waiver/ Extension of Time to File. Taxation on worldwide income for Singapore residents depends on the source of income. The corporation files an estimate of its income within three months of the end of the accounting period followed by a return of income by 30 November of the tax year, and the tax is assessed by the Comptroller of Income Tax. Most income tax bills i.e. CorpPass Simplified Guide for Companies (PDF, 615KB) NRIC/FIN). IRAS Unique Account (IUA). Report Tax Evasion Email us via the Reporting Tax Evasion template if you are aware of someone who has evaded tax in Singapore or have information about some tax-related fraudulent activities. We will send you the revised tax bill i.e. chat with us online (for selected tax services from 8am to 5pm on Mondays to Fridays). I received the No-Filing-Service notification, do I need to do anything? Chris Woo. CorpPass Step-by-Step Guide for Foreign Entities (PDF, 9.96MB) Got a question? 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