This is the time of the year when we find ourselves in the middle of tax season here in Singapore.
And this means one thing: It is time to file for income tax with IRAS.
Many of us are salaried employees and are used to not having to manually file for income tax due to the Auto-Inclusion Scheme (AIS) for Employment Income because employers will submit their employees’ employment income information to IRAS automatically.
However, today’s focus is going to be on something a little bit different.
The proliferation of side hustlers who have been creating alternative income (especially through online-based channels) has created a huge pool of self-employed citizens over the years.
Are You A Side Hustler e.g. Freelancers, Self-Employed?
If you think that you belong to this category, the most important question to ask yourself is this.
Have you been engaging in online activities for a profit, such as providing online content? Income earned may include advertising, blogging,...