freelancing like teaching home tuition need to pay tax?

• january

  14 Oct 07, 10:31

  then where to read on taxation stuff?
• t_a_s

  14 Oct 07, 12:07

  Originally posted by mancha:

  Technically you are required to declare.
  Most likely you can get away with it, if you do not.
  Provided you do not become an opposition upstart.
  It can, and will be used against you in future.

  join Young PAP, u wont get it
• airgrinder

  14 Oct 07, 12:12

  Originally posted by january:

  then where to read on taxation stuff?

  iras website
• maurizio13

  14 Oct 07, 15:18

  Penalty for failure to make return
  94A. —(1) Any person who fails or neglects without reasonable excuse to comply with any provision of section 62 or 71 shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000 and in default of payment to imprisonment for a term not exceeding 6 months.
  
  (2) Where any person has been convicted of an offence —
  
  (a) for failing to comply with section 62 (3) and such conviction is subsequent to a conviction for an offence for failing to comply with section 62 (1);
  
  (b) for failing to comply with any provision of section 62 or 71 and such conviction is a second or subsequent conviction; or
  
  (c) for failing to comply with any provision of section 71 and such conviction is subsequent to a conviction for an offence for failing to comply with any provision of section 62,
  
  in respect of the same year of assessment, he shall be liable to a further penalty of $50 for every day during which the offence is continued after such conviction.
  
  (3) Any person who fails or neglects without reasonable excuse to comply with section 62 or 71 in respect of any year of assessment for 3 years or more shall be guilty of an offence and shall be liable on conviction to —
  
  (a) a penalty equal to double the amount of tax which the Comptroller assesses him to be liable for that year of assessment after determining, to the best of the Comptroller"s judgment, the amount of his chargeable income; and
  
  (b) a fine not exceeding $1,000,
  
  and in default of payment to imprisonment for a term not exceeding 6 months.
  
  (4) Except in the case of a notice published in the Gazette under section 62 (1), no person shall be liable to prosecution for an offence under this section in respect of failure to comply with the terms of any notice issued under the provisions of this Act unless the notice has been served on him personally or by registered post.
  
  (5) The Comptroller may compound any offence punishable under this section.
  
  Any income sourced in Singapore is subjected to tax in Singapore, unless ............... (but I think you don't belong to the "unless" category).
  
  Normally IRAS can't be bothered with small fries, because the manpower involved to audit the taxpayer cost more than the tax evaded.
  
  But you might incur the notice of IRAS if you decide to buy property, vehicles, etc.
  
• 4getmenot

  14 Oct 07, 15:23

  Originally posted by BenBenDeZhu:

  they dont even noe how many students u have how to chase after you my maths tuition teacher doing quite well, got 2 private propertities, play with stock market lost a few hundred k tell us its nth

  if hes doing so well, how come he still need to do maths tuition??
• HyperFocal

  14 Oct 07, 18:52

  Originally posted by maurizio13:
  Penalty for failure to make return
  94A. —(1) Any person who fails or neglects without reasonable excuse to comply with any provision of section 62 or 71 shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000 and in default of payment to imprisonment for a term not exceeding 6 months.
  
  (2) Where any person has been convicted of an offence —
  
  (a) for failing to comply with section 62 (3) and such conviction is subsequent to a conviction for an offence for failing to comply with section 62 (1);
  
  (b) for failing to comply with any provision of section 62 or 71 and such conviction is a second or subsequent conviction; or
  
  (c) for failing to comply with any provision of section 71 and such conviction is subsequent to a conviction for an offence for failing to comply with any provision of section 62,
  
  in respect of the same year of assessment, he shall be liable to a further penalty of $50 for every day during which the offence is continued after such conviction.
  
  (3) Any person who fails or neglects without reasonable excuse to comply with section 62 or 71 in respect of any year of assessment for 3 years or more shall be guilty of an offence and shall be liable on conviction to —
  
  (a) a penalty equal to double the amount of tax which the Comptroller assesses him to be liable for that year of assessment after determining, to the best of the Comptroller"s judgment, the amount of his chargeable income; and
  
  (b) a fine not exceeding $1,000,
  
  and in default of payment to imprisonment for a term not exceeding 6 months.
  
  (4) Except in the case of a notice published in the Gazette under section 62 (1), no person shall be liable to prosecution for an offence under this section in respect of failure to comply with the terms of any notice issued under the provisions of this Act unless the notice has been served on him personally or by registered post.
  
  (5) The Comptroller may compound any offence punishable under this section.
  
  Any income sourced in Singapore is subjected to tax in Singapore, unless ............... (but I think you don't belong to the "unless" category).
  
  Normally IRAS can't be bothered with small fries, because the manpower involved to audit the taxpayer cost more than the tax evaded.
  
  [b]But you might incur the notice of IRAS if you decide to buy property, vehicles, etc.
  [/b]

  Personally, I would NOT waste my money on the over-priced crappy properties here in SG...
  
  ..just live a middle income HDB family, simple indulgences, spend small & save BIG, then eventually get the hell out of here.!!!