Iras.gov.sg

IRAS Medical and Dental Care

Applying different thresholds for staff of different grades does not affect the tax treatment. The different amounts of reimbursements on the same benefit (e.g. … See more

Actived: 7 days ago

URL: https://www.iras.gov.sg/taxes/individual-income-tax/employers/understanding-the-tax-treatment/medical-and-dental-care

IRAS Tax Treatment of Business Expenses (G-L)

WebInterest Incurred on Loans to Re-finance Prior Loans or Borrowings. Check if specific business expenses (starting with G to L) are deductible, e.g. insurance premium, interest …

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IRAS myTax Portal

WebFind out all you need to know about individual income tax filing and your tax filing obligations. Businesses to transact with IRAS using CorpPass from 1 Sep 2018. With …

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IRAS Employee Benefits

WebBusiness goods given free to employees. You need to account for output tax on the goods given to your employees except when: It relates to food or beverage catered for …

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IRAS myTax Portal Search GST Registered Business

WebSecure websites use HTTPS. Look for a lock () or https:// as an added precaution.Share sensitive information only on official, secure websites.

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IRAS Business expenses and deductions

WebR&R expenditure that qualifies for tax deduction as a business expense is capped at $300,000 for every relevant 3-year period. For sole-proprietorship, the expenditure cap of …

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IRAS Tax Treatment of Business Expenses (M-R)

WebMedical expenses incurred for employees are tax-deductible as long as they are capped at 1% of the total employee remuneration accrued for the year. View Example 1 (PDF, …

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IRAS Insurance Premium

Web3. Nature of insurance policy for which the premium is paid by employer. Group Insurance policy (e.g. group insurance policies covering life, personal accident or critical illness) …

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Goods & Services Tax (GST)

WebBasics of GST. e-Learning course Overview of GST. Responsibilities of a GST-registered Business. Invoicing, Price Display and Record Keeping. Goods and Services Tax (GST): …

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IRAS List of Benefits-in-Kind Granted Administrative …

WebTypes of benefits, Types of benefits. d) Zero or low Medical Certificate Award (cash/ non-cash) e) Award for passing of examination (cash/ non-cash) Comments. The award is …

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IRAS Exporting of Goods

Web60-day rule for exported goods. When exporting goods, you have up to 60 days from the time of supply to export the goods and collate the required export documents. Failure to …

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IRAS Tax savings for married couples and families

WebThe WMCR amount is matched to a percentage of the mother's earned income. 1st child: 15%. 2nd child: 20%. 3rd and subsequent child: 25% for each child. The total cap for …

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IRAS Compulsory and voluntary MediSave contributions

Web9%. Maximum Cap for Age Group. $6,588. Amount of MediSave Contribution Payable. $5,850. Lower of $6,588 or (9% x $65,000) For more MediSave contribution rates and …

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Tax Governance Framework (TGF)

WebThe TGF sets out the principles and key practices centred around 3 essential building blocks of good tax governance. It is applicable to both Corporate Income Tax and GST. 1. …

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IRAS Taxable & Non-Taxable Income

WebTax Treatment of Grants/ Payouts Commonly Received by Companies. Generally, a grant/ payout is taxable if it is given to supplement trading receipts or to defray operating …

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IRAS Life Insurance Relief

WebGo to “Individuals” > “File Income Tax Return”. Select “Edit My Tax Form”. Go to “4. Deductions, Reliefs and Parenthood Tax Rebate”. Go to “Life Insurance”. Click “Update” …

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etaxguide GST Guide for the Insurance Industry (Eight Edition) …

WebGST: Guide for the Insurance Industry 3 3.1.6 On the other hand, for a group life policy with medical and personal accident rider issued by an insurance company, only the premiums …

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IRAS MediShield Life (MSHL)

WebMediShield Life (MSHL) MediShield Life is a national healthcare insurance scheme that replaced MediShield on 1 November 2015. The scheme provides lifelong protection for …

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IRAS Conditions for Claiming Input Tax

WebConditions for claiming input tax. Conditions for claiming input tax. You can claim input tax incurred on your purchases only if all the following conditions are met: 1. You are GST …

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