Income Tax

Tools You Need to File Income Tax – Compiled

Favourite topic for everyone!!!



Hard to find anyone that is enthusiastic to pay income tax. But everyone will probably be enthusiastic to file income tax relief.

Here are some useful tools that most people will need assist you in filing your income tax.

Ok, truthfully, the most useful ones are the third and last one. IMO.

Do I need to pay?

First up, do I need to pay? There are only 2 categories of tax-payers in Singapore;

  1. Need to pay.
  2. Don’t need to pay.

Sweet and easy. Simple and fresh. Click here to read if you are required to file tax or just use this tool to find out if you need to pay?

What are taxable?

Click here to find out the list of items that you need to pay tax for and most importantly things you don’t have to pay tax for.

How much do I need to pay?

Use this tax calculator to find out how much you need to pay. Updated for 2019.

Click here to download.

If you are a local who spent a lot of time working overseas (definition of “a lot of time” means you are in Singapore for less than 183 days), click here instead.

If you are a foreigner, use the same calculator as well.

How much do I need to pay for my rental income?

You have a property that you rent out for passive income. Hmm, passive income is good, however, not all passive income are non-taxable.

Click here to find out how much tax you need to pay for rental income.

Kids are assets or liabilities?

Running jokes among parents over whether kids are assets to them or liabilities to them. Kids provides loads of joy but they definitely cost a lot. The good news is, income tax-wise, kids are assets to you because, you will be eligible for parenthood tax relief!!!

To find out if you are eligible for the relief, click here.

To find out how much you need to pay, click here.

Personal Relief

Oh boy, the ALL-TIME-FAVOURITE segment. Personal relief is legal tax-evasion basically incentives that the government gives you for doing what they want you to do.

There are quite a number of ways to reduce your income tax, they are;

Personal Income Tax Relief

Yes, there is quite a list, click here to find out their criteria and understanding tax.

By the way, the list hasn’t ended, click here to find out the tax reliefs available for married families.

PAY ATTENTION HERE!!!!                    THINGS NOT TO DO!!!                                PAY ATTENTION HERE!!!!

Other than the to do list, here shows the don’t do list. Well, it is inevitable that someone along the way will accidentally make some mistakes in their filing.

It can be troublesome and definitely best avoided.

Click here to find out the don’t do list for employees.

And click here to find out the don’t do list for self-employed.

The ONLY TOOL You Need

As usual, government stuff are quite confusing. If you cannot convince them, you confused them right?

And if you are still confused, and unsure what are the tax relief that you can have, just download this file and play with it.

IRAS should just put it up as their home page instead of all the words and links. Makes our lives easier.

And if you need to pay tax, you can file your income tax at myTax Portal.

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