What can self-employed people in Singapore claim as business expenses?
The rule IRAS applies to every claim, the expenses that usually qualify, the ones that never do, and what to keep as proof.
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VIEW ALLWhat can self-employed people in Singapore claim as business expenses?
The rule IRAS applies to every claim, the expenses that usually qualify, the ones that never do, and what to keep as proof.
Insurance agents: should you claim the 25% fixed ratio or actual expenses?
Who qualifies for the 25% Fixed Expense Deduction Ratio, how the S$50,000 cap works across all your income, and when actual expenses come out ahead.
What can property agents in Singapore claim, and what can they not?
The expenses property agents usually claim, why private car costs are disallowed, and how the 25% fixed ratio applies to agents earning S$50,000 or less.
What is the penalty for filing a GST F5 late?
The S$200 late submission penalty, how it grows each month to S$10,000, the estimated assessment IRAS can issue, and how to avoid all of it.
Form B by 18 April: a filing checklist for self-employed agents
Who must file Form B, the 1 March to 18 April window, the 2-line or 4-line statement, and the records to have ready before you start.
What records does IRAS expect a self-employed person to keep?
Which documents count as records, how long to keep them, why each expense needs a business purpose, and what happens when records are missing.
When is the GST F5 return due, and what goes in it?
The filing cycle for a GST-registered sole proprietor, the due date, and Boxes 1, 5, 6 and 7 of the F5 in plain words.