Precedent Partners Invited to File Form P from 1 to 28 Feb
Partners
can enjoy the convenience of having their share of partnership income
pre-filled in their individual income tax returns (Form B) by IRAS. The
precedent partner also does not need to separately inform the respective
partners of their share of the partnership income.
Did you know? Last year, more than 5,000 partnerships filed business income
early and enabled more than 10,000 partners to benefit from the income
pre-filling service.
IRAS reminds precedent partners to file their business income (Form P)
at myTax Portal by 28 Feb 2018 in order to enjoy
this service initiative.

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Pre-Filling of Self-Employed Income for Grab and Uber Drivers New!
IRAS
has extended the service initiative to pre-fill self-employed income
information to Grab and Uber drivers this year. In this pilot implementation,
Grab and Uber drivers were invited to participate in the scheme through the
Grab and Uber platforms. Some 9,000 drivers have opted to participate this
year. They will enjoy the convenience of having their income and commission
fees pre-filled by IRAS in their electronic tax returns, making the tax filing
process simpler for them.
Drivers
who have opted in for this service initiative will be able to view and verify
their pre-filled information at myTax Portal, and declare any other sources of
income (e.g. rental income). They should amend their pre-filled information if
their actual income or allowable expenses are different from the pre-filled
information.
The pre-filling of self-employed income information was first implemented in 2015
for individual commission earners such as property and insurance agents. IRAS
will continue to collaborate with industry stakeholders to bring about greater
convenience in tax filing for more self-employed taxpayers.

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