It’s that time of the year again!
No, not the time of the year where you are looking forward to Christmas dinner with your friends or celebrating the holidays with your family.
Source: Tenor
It’s that dreaded time of the year where all of you working adults need to about how much income tax you need to pay because tax assessment is from 1 January 2021 to 31 December 2021…
As typical Singaporeans, we love to siam (Hokkien: avoid) things, especially things like taxes. Just look at how many of us try to avoid paying Electronic Road Pricing (ERP).
Source: Giphy
Of course, there are no avoiding income taxes, but the fact that you’re reading this article shows that you want to avoid it as much as possible.
As the year draws to a close, so does the assessment period for your income tax in the Year of Assessment (YA) 2022....