When you are not working but receive any of the following income, you need to pay income tax, unless the income is specifically exempted under the Income Tax Act:

a. Income from investments

b. NSman income (including all awards and allowances such as IPPT monetary incentives)

c. Part-time income

d. Pension; or

e.  Supplementary Retirement Scheme (SRS) withdrawals.

For details, please refer to what is taxable, what is not.

Earning $22,000 or Less in a Year

You do not need to pay tax if your annual gross income is $22,000 or less.

However, you need to file your tax return if you have received a filing notification from IRAS (SMS, letter or form).

Even if you did not earn any income last year, you are required to declare zero income and e-File your tax return @ myTax Portal by 18 Apr 2018 or submit a paper return by 15 Apr 2018.

Earning More Than $22,000 in a Year

If your annual gross income exceeds $22,000, your income is subject to tax. The amount of tax you need to pay depends on your income and deductions .

You should e-File your tax return @ myTax Portal by 18 Apr 2018 or submit a paper return by 15 Apr 2018 even if you did not receive any notification from IRAS to file.

For details, please refer to filing your tax online!

RATE THIS PAGE

  • Strongly Disagree
  • Strongly Agree

Information is easy to understand.

Information is useful.

Information is easy to find.

 
Please email us if you would like us to respond to your enquiries.