Form B by 18 April: a filing checklist for self-employed agents

Self-employed people file Form B on myTax Portal between 1 March and 18 April, reporting the previous calendar year. Most agents and freelancers fill in a 2-line statement, which takes minutes if the year’s records are already in order.

Do I need to file?

You must file if, in the previous calendar year, your total annual income was more than S$22,000, or your net profit from self-employment was more than S$6,000.

2-line or 4-line statement?

• Revenue of S$200,000 or less: the 2-line statement, revenue and adjusted profit or loss.
• Revenue above S$200,000: the 4-line statement, revenue, gross profit or loss, allowable deductions, and adjusted profit or loss.
• Revenue of S$500,000 or more: also upload certified accounts.

What should I have ready?

• Total commission or fees for the year, from your statements.
• Total allowable business expenses, or 25% of gross commission if you qualify for the fixed ratio.
• Capital allowances on equipment bought.
• Receipts for every claim, kept for at least 5 years.

How do I file?

Log in to myTax Portal with Singpass, choose Individuals, then File Income Tax Return. Report self-employment income under Trade, Business, Profession or Vocation, and complete the statement that fits your revenue.