This is a friendly reminder to all resident and non-resident individuals who have earned income in Singapore during 2009 calendar year that you must file your personal income tax return by April 15, 2010. The amount of income tax that will need to pay depends on your tax residency in Singapore.
Income earned in Singapore and subject to tax includes salary, bonuses, director fee, investment income, rental income, employee benefits, royalties, etc. Income exempt from tax includes overseas income derived outside Singapore, Singapore dividends, capital gains, and bank interest.
Do you need to file a tax return?
Yes, if any of the following is true:
- You have received notification from Inland Revenue Authority of Singapore (IRAS) to file tax return; or
- Your income for 2009 exceeds S$22,000.
What if you are not able to file on time?
If you are unable to file your personal tax return by April 15, you can apply for extension before the end of March 31.
How do I file my tax return?
You can file either on paper or by e-filing. For e-filing, the deadline is April 18.
For further details, refer to Singapore Personal Tax Guide.
Interested in doing business in Singapore? Find out how to setup a Singapore company.
