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?
The Inland Revenue Authority of Singapore (IRAS) has been appointed as the single collecting agency for all self-employed persons (SEPs)’ income information from Work Year 2023 (or Year of Assessment 2024) onwards. Hence, all SEPs will declare their net trade income (NTI), from Work Year 2023, to IRAS. The income assessed by IRAS will be used for Workfare Income Supplement assessment and reconciliation of Contribute As You Earn contributions.
This information is sourced from CPF
Related questions
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?
How do I declare my annual net trade income as a self-employed person?
What do I need to do to receive Workfare Income Supplement?
I am not a self-employed person. Why did I receive a notice of CPF contributions for self-employed persons from CPF Board?
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