Category: Singapore – Tax

Managing your tax payments can be easier with the GIRO Instalment Plan offered by the Inland Revenue Authority of Singapore (IRAS). Instead of paying a lump sum, you can spread your tax liability into smaller, manageable monthly payments. This 2025...

Read More

MediSave is a key component of Singapore’s CPF system, ensuring that individuals save for their future medical needs. Whether you are an employee, self-employed, or voluntarily topping up your account, understanding the MediSave contribution rules and tax relief limits can...

Read More

The Matched MediSave Scheme is an initiative by the Singapore government to encourage citizens to boost their MediSave savings. However, with upcoming changes in 2025, CPF top-up tax relief rules will be affected. Here’s everything you need to know to...

Read More

Tying the knot in 2024 doesn’t just change your relationship status – it can also impact your tax obligations in Singapore. From personal relief adjustments to changes in how certain deductions are applied, newlyweds should be aware of the financial...

Read More

Life insurance is a crucial part of financial planning, but many taxpayers in Singapore are unsure when their life insurance premiums can actually be claimed as a tax deduction. This guide explains the specific conditions under which premiums are deductible...

Read More

Failing to pay your income tax, property tax, or GST on time in Singapore can lead to substantial penalties imposed by the Inland Revenue Authority of Singapore (IRAS). This guide explains how late payment penalties work in 2025, how they...

Read More

Dividend income is a popular form of passive income for investors in Singapore. But do you have to pay tax on it? The answer depends on the source of your dividends and Singapore’s specific tax rules. Here’s a detailed guide...

Read More

Being selected for an Inland Revenue Authority of Singapore (IRAS) audit can be stressful, but understanding the process and preparing well can help you avoid unnecessary penalties. This comprehensive guide explains the types of IRAS audits, the selection process, common...

Read More

Not all interest income is created equal. In Singapore, some types of interest are completely exempt from tax, while others are taxable depending on the source, residency status, and whether they are derived from business activities. This detailed guide explains...

Read More

Receiving a Notice of Assessment (NOA) from the Inland Revenue Authority of Singapore (IRAS) does not always mean you agree with the tax computed. If you believe there is an error, you have the legal right to object to a...

Read More