Filing your taxes

  • Tax Season 2018 is here. This page provides you with information on individual income tax filing to help you better understand your tax filing obligations.

    Filing for the Year of Assessment (YA) 2018 begins on 1 Mar 2018.
    If you need to submit an income tax return, please do so by the following dates.

    e-Filing:           18 Apr 2018
    Paper Filing:    15 Apr 2018           

    To e-File your tax return, log in to  myTax Portal using your SingPass or IRAS PIN. 
    You can file your income tax return either via mobile phone or desktop.

     

  • Self-employed persons, sole-proprietors and partners must file their annual tax return if they receive a notification form IRAS to file. IRAS may waive this requirement under its No-Filing Service.
  • The precedent partner is the first named in the partnership agreement. If there is no partnership agreement, the precedent partner is a partner who is agreed upon and appointed by the other partners. All precedent partners must file Form P.

  • All self-employed partners of a partnership including the precedent partner must file Form B/B1. And report their share of the business income as part of their total personal income in Form B/B1.

  • Self-employed, sole-proprietors and partners have to prepare statement of accounts. IRAS provides guides and samples to help business owners learn more about preparing Statement of Accounts.
  • Ways to file Form B, filing deadlines and user guides for sole-proprietors / self-employed persons.
  • Common mistakes made by self-employed persons, sole-proprietors and partners when filing the annual tax return (Form B/B1/P).
  • If you e-Filed your original return, re-file via myTax Portal if you need to make changes after filing your return. If you paper filed your original return, please write in to IRAS detailing the changes.

     

  • You can check whether IRAS received your tax return by logging into myTax Portal or calling the IRAS hotline.

     

  • You had omitted income in your Income Tax Return for previous years.
  • IRAS audits tax returns and imposes penalties when there are errors, omissions and discrepancies. IRAS, in determining penalties, will take into consideration individual circumstances when there is no evidence of any intention to evade taxes.
  • Most taxpayers file their tax returns on time. There are penalties for late or non-filing of tax returns.