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Chargeable Income

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IRAS Year of Assessment for Tax filing: Tax Facts

By |2019-10-17T10:55:23+08:00October 17th, 2019|Chargeable Income, Guides|

By Singaporean law, individuals (employees or sole proprietors) and companies are required to file their annual income tax returns to the Inland Revenue Authority of Singapore (IRAS). What is Year of Assessment (YA)? The IRAS defines Year of Assessment as the year income tax is computed, filed to tax authorities [...]

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Chargeable and Non Chargeable Income in Singapore: Tax Facts

By |2019-10-14T15:05:29+08:00October 14th, 2019|Chargeable Income, Guides|

Individuals (employees or sole proprietors) and companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS). A common phrase used by tax professionals is chargeable income. Chargeable income is defined as total taxable income less deductible expenses. The final tax percentage will then [...]

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