Self-employed income reporting
How do I report my freelance income?
The situation
Self-employed people report revenue and allowable expenses in their return.
The law
- Sec 62, Income Tax Act 1947: Every company and individual files an income tax return when required by IRAS
What it means for you
Small businesses can use a simple statement of revenue and expenses where allowed. Only business expenses are deductible. Self-employed citizens and PRs may also owe MediSave.
What to do
- Total revenue.
- List business expenses.
- Report in your return.
- Watch for MediSave bill.
We can do this for youIndividual income tax return for employees and self-employed: SGD 200