Career & Education
Self-Employed Persons’ Guide to Filing Income Tax and Paying CPF
By Planner Bee  •  April 20, 2022
Do you provide services such as graphic design or accounting as a freelancer? Are you a hawker, or a taxi or Grab car driver? Have a side hustle selling your handicrafts online? If you answered yes to any of the questions above, you qualify as a self-employed person in Singapore. While there are definite perks to being your own boss, one tricky matter to contend with is the filing of income tax. Employees can usually rely on their company to report their income to the Inland Revenue Authority of Singapore (IRAS). The self-employed, on the other hand, are to file their own returns during tax season (1 March to 18 April this year). What’s more, the filing of their income tax is directly related to the amount they need to contribute to their Central Provident Fund (CPF) accounts. Here’s a guide to how to file your income tax and top up your CPF as a Self-Employed Person (SEP)....
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By Planner Bee
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