IRAS tax reporting?
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hi all,
ok, i'm totally lost now.
i've been working for almost 3 years and each year, my employer will give me some tax sheet for the IRAS tax reporting or something.......are these the form needed to report and pay my tax?
if so, how do you guys pay your tax? i haven't received any letter from ****ing SG gahmen yet, and i think i've to pay my tax before april 08 comes.
went to IRAs website also dunno what they talking about.
someone pls advise, i'm so lost.
i don't want to go to ****ing SG prison for evading tax un-intentionally.
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go call operator n call for the iras no... Then u request for the form to be sent to ur hse every year... Request as new taxpayer...
Even if u quit ur job for a year u still have to file ur tax even if ur income $0... below $20,000/year no need to pay tax...
If u still confused, u can come down to IRAS at Novena and ask the customer service about some benefits eg u take care of parents, donations etc... u can claim and cut money from tax... (visit them for more info)
If I am not wrong, now they got do e-filing for u (they have ppl doing it for u while u sit beside them to give info on ur finances)...
All the best! =D
P.S. u work 3 yrs never file in ur tax... Its an offence u noe...
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[quote]go call operator n call for the iras no... Then u request for the form to be sent to ur hse every year... Request as new taxpayer...[/quote]
thanks, but u know the number to call?
[quote]If I am not wrong, now they got do e-filing for u (they have ppl doing it for u while u sit beside them to give info on ur finances)...[/quote]
but is it true we can also file through website?
thanks!
nikar
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These days the tax filing has changed abit, in the past used to be regardless of whether you need to pay tax you still need to file you income tax returns.
But these days, if you earn less than $22,000, there is no need for you to file, unless you want to claim tax deducted at source (being dividends paid to you from shares you own, they are taxed at the prevailing corporate tax rates, which could be higher than your personal marginal tax rate). Also, you need to file if IRAS has sent you any forms or pin number.
Also, if I have been evading taxes for the past few years, I would be very careful talking to those folks from IRAS, most of the time they will ask for your name and NRIC first. So becareful, else end up incriminating yourself.
You will need to file if you have received a paper form (Form B1/B/M) or a letter from IRAS inviting you to e-File.
Did not receive anything?
Even if you have not received any notification from IRAS to e-File, you need to file if:
- your income for the previous year is $22,000 or more; and/or
- you wish to claim tax deducted at source in respect of Singapore dividends that you received last year.
Please log in to myTax Portal to e-File your tax return by 15 Apr if you have not received any notification to file your return by 15 Mar.
Find out more about e-Filing!
If you are a new taxpayer who has not submitted any income tax form in the past, and you have not received any notification from us by 15 Mar , please complete and submit the registration form for new taxpayer (43KB) . We will activate your tax account and send the paper form to you.
When is the filing due date
You need to e-File or submit your completed paper form to us by 15 Apr.
If you cannot submit your form by 15 Apr
You need to apply for an extension of time to submit your tax form. Please apply before 31 Mar.
To apply, you need to email us or fax to us on 6351 3636 the following:
- your full name and tax reference number
- reason for your request
- an estimate of your chargeable income
'Chargeable income' refers to the remaining amount after deducting donations and tax reliefs from your total income.
Find out more about:
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lols.. tax.. just took my midterms just now knn..
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call 100 and ask for iras no.
if u have no experience on s'pore tax better ask them to e-file for u... Or not it got no 'rebates' as I haf mentioned such as donations etc, then u have to pay more tax... to save more $$$ its better u go there to seek advise from the ppl there that have the extensive knowledge...
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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.
*Subsections (1), (2) and (3) will be amended as set out in section 39 (a) of the Income Tax (Amendment No. 2) Act 2007 (Act 53 of 2007) from the year of assessment 2009.[7/2007]
(*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.
*Subsections (1), (2) and (3) will be amended as set out in section 39 (a) of the Income Tax (Amendment No. 2) Act 2007 (Act 53 of 2007) from the year of assessment 2009.[7/2007]
(*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 2 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.
*Subsections (1), (2) and (3) will be amended as set out in section 39 (a) of the Income Tax (Amendment No. 2) Act 2007 (Act 53 of 2007) from the year of assessment 2009.[7/2007;53/2007]
(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.[7/2007]
(5) The Comptroller may compound any offence punishable under this section.[7/2007]
Penalty for incorrect return
95. —(1) Subject to the provisions of Part XVIII, every person who —
(a) makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return; or
(b) gives any incorrect information in relation to any matter affecting his own liability to tax or the liability of any other person or of a partnership,
shall be guilty of an offence for which, on conviction, he shall pay a penalty equal to the amount of tax which has been undercharged in consequence of such incorrect return or information, or which would have been so undercharged if the return or information had been accepted as correct.[4/75]
(2) Every person who without reasonable excuse or through negligence —
(a) makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return; or
(b) gives any incorrect information in relation to any matter affecting his own liability to tax or the liability of any other person or of a partnership,
shall be guilty of an offence for which, on conviction, he shall pay a penalty equal to double the amount of tax which has been undercharged in consequence of such incorrect return or information, or which would have been so undercharged if the return or information had been accepted as correct, and shall also be liable to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 3 years or to both.
(3) The Comptroller may compound any offence punishable under subsection (1) or (2), and may before judgment stay or compound any proceedings thereunder.
Tax evasion
96. —(1) Any person who wilfully with intent to evade or to assist any other person to evade tax —
(a) omits from a return made under this Act any income which should be included;
(b) makes any false statement or entry in any return made under this Act; or
(c) gives any false answer, whether verbally or in writing, to any question or request for information asked or made in accordance with the provisions of this Act,
shall be guilty of an offence for which, on conviction, he shall pay a penalty of treble the amount of tax which has been undercharged in consequence of the offence or which would have been undercharged if the offence had not been detected, and shall also be liable to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 3 years or to both.[4/75;21/2003]
(2) Where an individual has been convicted for —
(a) 3 or more offences under this section; or
(b) one offence under this section and one offence under section 96A,
the imprisonment he shall be liable to shall not be less than 6 months.[21/2003]
(3) Whenever in any proceedings under this section it is proved that any false statement or entry is made in any return furnished under this Act by or on behalf of any person, that person shall be presumed, until the contrary is proved, to have made that false statement or entry with intent to evade tax.[21/2003]
(4) The Comptroller may compound any offence under this section and may before judgment stay or compound any proceedings thereunder. -
thanks a lot, all!
regarding this:
------------------------------your income for the previous year is $22,000 or more;
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they say you must file if income for previous year is $22000 or more, what about the previous-previous year?
let say i worked total 2.5 years and earned total $30000 during these 2.5 years.
never reported tax at all during these 2.5 years.
so, like that means i overshot liao is it?
anyway, i doubt i'll be eligible for any tax rebates, cos' my family is middle-income, i never donate / volunteer to any charity etc., i'm not handicapped....haiz.
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What they mean by previous year is the year before the year of assessment.
Because IRAS tax income based on previous year 2007(Jan-Dec), like this is Year of Assessment (YA) 2008.
So is your income last year more or less than $22,000?
Then for YA 2007, is your income for 2006 Jan-Dec more or less than $22,000.
If all your yearly basis less than $22,000, then no problems lah.
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TS should try to find out 3 years ago, why wait until now? He better think of a good reason to explain to IRAS.
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(Maurizo)
Because IRAS tax income based on previous year 2007(Jan-Dec), like this is Year of Assessment (YA) 2008.
So is your income last year more or less than $22,000?
Then for YA 2007, is your income for 2006 Jan-Dec more or less than $22,000.
If all your yearly basis less than $22,000, then no problems lah.
thanks all!regarding above....
my income is basically:
2006: $900
2007: $14800
2008: $9000 - $11000+-
so, like that how? 3 years total is over $22000....
do they judge it year by year?
because my yearly salary total will always be less than $22000 (i earn $1450 per month, including CPF).....
so, since i earn less than $22000 every year, no need to pay any tax is it? just report only?
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Originally posted by Nikar 3:
(Maurizo)
thanks all!regarding above....
my income is basically:
2006: $900
2007: $14800
2008: $9000 - $11000+-
so, like that how? 3 years total is over $22000....
do they judge it year by year?
because my yearly salary total will always be less than $22000 (i earn $1450 per month, including CPF).....
so, since i earn less than $22000 every year, no need to pay any tax is it? just report only?
No need for you to report, UNLESS IRAS specifically send you forms or give you internet pin number.
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thanks maurizo,.....that means everyone whose annual salary is lesser than S$22000 no need to pay tax? like those low-earners like me, those toilet cleaners and newspaper sellers?
because my 3 different employers these years have given me this company's IRAs form saying how much i earn for a certain period of time etc, although i don't remember getting any letter from IRAS itself.
these forms for what one ah? to keep as personal filing for future tax reporting in case in future, i earn more than $22000 per year?
thanks a lot! :)
nikar
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IRAS replied to my e-mail saying i don't need to pay tax since annual salary is below $22000.
now...i can save all my money and spent it in Geylang and Batam!!!!!!!!!!!!!!!!! YAY!!!!!!!!
LIFE IS GOOD!!!!!!!!!
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siao gin nah
