This is a reminder for submission of Singapore Personal Income Tax Return for the Year of Assessment 2011. All income earned in Singapore from 1 January 2010 to 31 December 2010.
Who must file Singapore personal tax return?
- If you are an EP/PEP/Entrepass holder (Even if you have not taken salary, but have declared to MOM in order to secure your employment pass),
- If your annual income in Singapore in 2010 is above S$22,000,
- If you have received communication from Inland Revenue Authority of Singapore (IRAS) requesting you to file personal income tax,
- If you are in receipt of Singapore dividend income in the year 2010 and wish to claim for the tax deducted at source.
Deadline for Submitting Singapore Personal Income Tax Returns
You are required to e-file or mail your personal income tax return form to IRAS by 15 April 2011. If you need an extension of time to submit your income tax return, you must notify IRAS by stating the reason and an estimate of your chargeable income. Request for filing extension is subject to approval from IRAS.
Consequences of Failure to Submit Singapore Personal Income Tax Returns
It is mandatory by law to file for the annual tax return. If you do not file your income tax return by 15 April 2011 and have not applied for an extension, the consequences may include one of the following:
- Letter of Composition;
- Summons; and/or
- Warrant of Arrest.
How to proceed?
Rikvin can assist you in your personal income tax filings. Our personal tax filing services include:
- Registration for new tax payers
- Preparation and filing of income tax return based on your income and determination of possible deductions and reliefs that are applicable to you
- Request for extension of deadline, if necessary
- Preparation of Form IR8A for employees
- Tax planning and tax advice
If you would like us to assist you with your personal income tax return, please contact us at +65 63034600 or HP: +65 92219221 or send us an email at ptax@rikvin.com.
Download Singapore Personal Tax Tips
