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?
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).
This information is sourced from CPF
Related questions
Will I get into trouble if my actual income declared to the Inland Revenue Authority of Singapore (IRAS) in the following year is different from the estimated income which I provided via the Contribute As You Earn (CAYE) digital services?
Will the estimated income that I provided for the computation of my Contribute As You Earn (CAYE) contribution rate be used as the income to compute my MediSave payable?
I used to declare my income to CPF Board to determine my Workfare Income Supplement or for reconciliation of my Contribute As You Earn contributions. Why is CPF Board no longer accepting income declarations?
I used to declare my income to CPF Board to determine my Workfare Income Supplement or for reconciliation of my Contribute As You Earn contributions. Why is CPF Board no longer accepting income declarations?
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