How is my net trade income determined for Workfare Income Supplement (WIS) if I am a self-employed person?
From Work Year 2023 onwards, all Net Trade Income (NTI) declarations must be made with Inland Revenue Authority of Singapore (IRAS). The Workfare Income Supplement you are eligible to receive will be computed based on your NTI earned in the Work Year (not including previous years’ losses) that CPF Board receives from IRAS.
This information is sourced from CPF
Related questions
What do I need to do to receive Workfare Income Supplement (WIS)?
Why do employees receive monthly Workfare Income Supplement (WIS) payments while Self-Employed Persons receive their WIS once a year?
How can I declare my net trade income from Work Year 2023 (Year of Assessment 2024) onwards?
How do I declare my annual net trade income online as a self-employed person?
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