Important dates to remember: March 1 to April 18
Earlier this month, the Inland Revenue Authority of Singapore (IRAS) issued a reminder for all taxpayers to file their income tax returns within these dates, March 1 through April 18.And when we pay our tax on time, itâs one less thing to worry about for the year.
Drivers who choose to have their income to be pre-filled by the IRAS may peruse and verify these documents at myTax Portal.Therefore, this is a convenience that simplifies filing for taxpayers who have just become parents.[A Car Major When Into Accident Husband Gets Your]
But the IRAS also has an alternative way of claiming tax deductions for drivers.Pre-filling and Auto-Apportionment of Child Relief
If you had a child born in 2018, your child relief has been automatically pre-filled in your electronic tax returns, to make it even more convenient for you.
And just to prove that the IRAS really does want make it easy for us, thereâs even a virtual assistant who can help you viaÂ AskJamie.[Consider Heres Should Your Before What You You File Taxes] Are you wondering if you should file your own taxes or hire a professional to do it? Worry not, we’ve got you covered.[Aren8217t College Student Problem Only Today The Hitting Loans Students] Do you need a primer in order to make sense of taxes in Singapore? Here’s ourÂ Comprehensive Guide to Income Taxes In Singapore.They also need to declare all over sources of income as well.The Authority has said it will keep on collaborating with various stakeholders in the industry in order to ensure greater convenience when it comes to tax filing for even more taxpayers who are self-employed.
Are you wondering if you should file your own taxes or hire a professional to do it? Worry not, we’ve got you covered.[Aren8217t College Student Problem Only Today The Hitting Loans Students]
Do you need a primer in order to make sense of taxes in Singapore? Here’s ourÂ Comprehensive Guide to Income Taxes In Singapore.They also need to declare all over sources of income as well.The Authority has said it will keep on collaborating with various stakeholders in the industry in order to ensure greater convenience when it comes to tax filing for even more taxpayers who are self-employed..Taxpayers can now, and are actually encouraged to, make use of cashless or electronic payment modes such as GIRO.[Eating For Tips At Creative Saving In Home Eat Money]
Hereâs some news that will prove to be helpful when we file our taxes this year.It says that âdrivers may choose to claim tax deductions based on theÂ actual amountÂ of car expensesÂ incurred by amending the computed information in their electronic tax returns.â
However, if this applies to you, please note that drivers who choose this option are obligated to retain all of their records for five (5) years.ThisÂ includes partners as well as sole proprietors.How to use different digital payment modes
One other important thing to note is that there are several digital payment modes for paying your taxes.I personally hate having to pay penalties of anything, donât you?
Readers who need to know more about matters concerning income tax filing should visit Â www.iras.gov.sg/irashome/TaxSeason2019/Â or check out the social media accounts of IRAS onÂ www.facebook.com/irassg/Â or www.twitter.com/iras_sgÂ .[With You AgainAre Season Filing Step Its Your Tax In]
Alternatively, you can call 1800 356 8300 or chatÂ onlineÂ (Mondays to Fridays, 8 a.m.Information that has been pre-filled may be edited as needed.
And if you need to go old school, make an appointment to visit IRAS.But hey, the reality is this: our taxes work for us.[401k And Of Leakage Cashout The Understanding Solving Womens Problem]
But please note the following, according to the IRAS: âApart from stamp duty payments, cheque collections for taxes will no longer be accepted at all SingPost branches from 1 Mar 2019.â
Hereâs how you canÂ apply for GIRO.And two, when we file our income tax early, there are no bothersome filing penalties to deal with.This is deemed as the business expense from YA 2019 depending on the specified nature of their business (whether taxi driver or private hire car) on their electronic tax returns.
You can also drop them an email atÂ myTax Portal.[Remember 5 A Wedding Secrets Budget No Debt To Have]
The IRAS first introduced the pre-filling of self-employed income information in 2015, specifically for individual commission earners such as property and insurance agents.The IRAS has launched some features that are meant to make filing our taxes easier.
The IRAS terms it âSimplifying Tax Filing Through Digitalisation,â and it comes in two ways1.To 5 p.m.).[UltraFICO YOUR Boost Score The The Score Best Credit Way Is To]
The IRAS writes, âFor their convenience, the child relief of $4,000 will be pre-filled on a 50:50 basis between the parents in their electronic tax returns unless they have informed IRAS of their preferred sharing basis.Itâs a win-win, so we may as well do it.
Everyone knows that March and April bring about one sure thingâtax season.Again, you avoid the rush and skip the penalties when you do this.This accomplishes two major things.One, we prevent rushing to do so at the last minute, when everyone is prone to make mistakes.How? By automatically computing a deduction of 60 percent of gross driving income.But let them know your preferred schedule at least 2 working days in advance.[Social Know Get Benefit Security Your To]
We can imagine how every new parent is busy with enjoying and taking care of their new bundle of joy.This includes their pre-filled income and tax deductions.Parents can always amend their allocation basis when filing their electronic tax returns.â2.And customers of all other banks can access the GIRO application form online on the IRAS website.
Actually, what makes us feel that we are really adulting is filing our income tax early.If you are a DBS/POSB and OCBC, you can apply viaÂ myTax Portal, or through Internet Banking, for DBS/POSB, OCBC and UOB customers.Itâs not the most pleasant of duties, we know.Simplifying Tax Filing for Taxi and Private Hire Car Drivers
The IRAS is also making tax filing a simpler and more convenient experience for taxi and private hire car drivers.[A Your Help To Ally How To Womens Partner Women Month Better Be]Online filing
Taxes can still be filed online at Â myTax PortalÂ through the end of March.You’re welcome!
The post Itâs Tax Season againâAre You in Step with Your Filing? appeared first on The New Savvy.
Hereâs a plus: choosing GIRO as your payment option means that you can pay taxes for up to 12 monthly interest-free installments.[How With Deal To Disappointment]
Furthermore, for the Year of Assessment 2019, tax resident individuals will be receiving a rebate on their income taxes of 50 percent of tax payable, up to a cap of $200.