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| *The Commerce Journal>>>Singapore Taxes |
Is it not necessary to include room rental in tax return? |
Is it true, bbsmokoloko, that it's not necesasry to include the room rental if i'm staying in it? Could you elaborate and may I know why? As gjkishere says "if it's making money, it's taxable. Thanks. anything that puts money into your bank must be declared... otherwise, you risk getting fined for tax evasion... |
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I don't know what country your talking about Singapore or the U.S. but the IRS doesn't fine anyone they just eat you. alive. Pay your taxes our government needs the money to waste on... uhm...because cheese makes u pass gass...and when they think about it in their mind....they'll laugh...and perhaps think that it's funny.... Typically it would be the total income of the wage earners in the house. However, I have heard that its only 2 people at most that are counted. So for example if there were grown children li... Check out the gov's website, they have all the answers you wanna know from them.... I don't know where "26250403" got her information but the maximum tax rate in Singapore is 20%. It's low because there are virtually not deductions. From time to time the... There are no import tax in Singapore as it is a free port. Import items like cars, luxury product, tobacco and alcohol are taxable though. GST will be charge for items imported.... You must understand the difference between Tax accounting and Accrual Accounting. Is certain things that you do in the present that will affect your tax liabilities in the future.... go to the national library at bras basah rd Source(s): www.nlb.gov.sg... |
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