Information Guides for Sole-Proprietors / Self-Employed

• Guide for sole-proprietors / self-employed
• Am I an Employee or Self-Employed
• Essential Information for your Business Sector ^New! 

  (taxi-drivers, hawkers,commission agents...)

Record Keeping Essentials

• Keep proper records and accounts
  
• Prepare statement of accounts 
• Calculate business income 

Withholding Tax

How to file

• Do I have to file tax   
• File Income Tax Return (Form B) 
• How to calulate your tax   (76KB)
• Update personal particulars

Getting It Right

• Know what is taxable, what is not
• Deductions to save tax ( business expenses, personal reliefs...)
  • Claim Productivity and Innovation Credit
  • Claim Capital Allowance
  • More..(medical expenses, etc)
• Common mistakes to avoid when filing self-employed income 

• Disallowable Business expenses(private car, proprietors'salaries,private entertainment...)

• If I have not filed or filed late 
• If I make mistakes in my tax return
• Amend my tax filing details
• Check if IRAS received my tax return
• Check status of assessment 

• How to read my tax bill
• What if the tax amount is not correct
• How do I obtain a duplicate copy of the tax bill (Notice of Assessment)
• Medisave Contributions

Payment & Refunds

• How to pay
• If you have failed to pay or paid late 
• Claim refunds