The content of the website has been updated to include the following:
Clarified when self-employed persons (SEPs) are required to file an Income Tax Return to IRAS and provided scenario-based illustrations to help SEPs better understand their tax filing obligations;
With effect from Year of Assessment (YA) 2024, SEPs who are not required to file Income Tax Return can declare their income to IRAS, should they require an income tax bill (i.e. Notice of Assessment) or need to submit their income declaration for purpose such as to apply for government assistance scheme(s); and
Refer SEPs to use the Basic Withholding Tax Applicability Calculator if they make payment to non-resident person.
Considerations for application of Certification of Residence (COR) in respect of calendar year 2025 and after for foreign-owned investment holding companies.
