Why do I still need to declare my income to the Inland Revenue Authority of Singapore (IRAS) when I have already provided my estimated income via the Contribute As You Earn (CAYE) digital services?

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The revenue and expenses information you provided via the Contribute As You Earn (CAYE) digital services is only an estimate of your business outlook for the year and is only used to compute your CAYE contribution rate. You are still required to separately declare your actual net trade income (NTI) in the following year to the Inland Revenue Authority of Singapore (IRAS).

Why do I still need to declare my income to the Inland Revenue Authority of Singapore (IRAS) when I have already provided my estimated income via the Contribute As You Earn (CAYE) digital services?

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