Singapore News - Around seven in 10 income taxpayers - more than 1.6 million individuals in Singapore - will not be required to file a tax return this year, as more initiatives are rolled out to simplify tax filing. These taxpayers who are eligible for the No-Filing Service (NFS) are. Read more at www.tnp.sg
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Singapore Explains Changes To 2021 Tax Filing Rules
Singapore Explains Changes To 2021 Tax Filing Rules
by Mary Swire, Tax-News.com, Hong Kong
03 March 2021
The Inland Revenue Authority of Singapore (IRAS) has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed.
IRAS is introducing a Direct Notice of Assessment (D-NOA) initiative for taxpayers on the No-Filing Service (NFS), which will mean that they receive their tax bills directly from May 2021. IRAS said that this is possible as more information is automatically included and tax reliefs can be pre-filled for taxpayers. Taxpayers can still object to the assessment if they wish to make changes to their reported income and relief claims.
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