At SGMoneyMatters, I publish a weekly wrap-up of the most important financial matters this week to help you invest well and retire with style. Because ain’t nobody got time for sifting through mediocre financial reads.
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Here are the highlights of the important financial matters this week:
- Common tax filing mistakes of property owners
- The latest T-bills yield dropped again
- Foreign investors pulling out from China’s tech company
#1 Common mistake in filing property income tax
If you own a property, it is crucial to understand the common mistakes that property owners make when filing their income tax returns such as:
- Failing to declare all rental income
- Claiming incorrect property tax rates
- Not filing tax returns on time
- Under-reporting rental income
If you make any of the mistakes, the penalties for such mistakes include hefty fines....