Filing your income tax in Singapore doesn’t have to be complicated. With digital advancements, the Inland Revenue Authority of Singapore (IRAS) has made e-filing quick and hassle-free. Here’s everything you need to know about e-filing your income tax for 2025.
1. Who Needs to File Income Tax?
You need to file income tax in Singapore if you:
- Earned at least SGD 22,000 in the previous year (2024)
- Are a self-employed individual or freelancer
- Have been informed by IRAS to file a tax return
- Earn rental or other taxable income
2. Key Deadlines for 2025
- Paper Filing Deadline: 15 April 2025
- E-Filing Deadline: 18 April 2025
Late submissions may result in penalties, so it’s best to file on time!
3. How to E-File Your Taxes
Follow these simple steps to e-file your taxes:
Step 1: Log in to MyTax Portal
Visit the IRAS website and log in using Singpass or CorpPass (for businesses).
Step 2: Check Your Auto-Included Income
Most employers submit salary information directly to IRAS. If your income is auto-included, simply verify the details.
Step 3: Declare Additional Income
If you have freelance income, rental earnings, or other taxable sources, declare them manually under the appropriate sections.
Step 4: Claim Deductions and Reliefs
Maximize your tax savings by claiming applicable reliefs such as:
- Earned Income Relief
- Parenthood Tax Rebate
- CPF Contributions and Donations
- Course Fees Relief
Step 5: Review and Submit
Double-check your details before submitting. You’ll receive an acknowledgment email once your filing is successful.
4. What Happens Next?
- Notice of Assessment (NOA): IRAS will issue your NOA from May to September 2025.
- Tax Payment: If you owe taxes, payment is due by 31 May 2025. Opt for GIRO installments for convenience.
5. Common Mistakes to Avoid
- Forgetting to declare rental or freelance income
- Claiming ineligible tax reliefs
- Failing to update personal details (e.g., marital status, address)
- Missing the filing deadline, leading to penalties
Conclusion
E-filing your income tax in Singapore is fast, secure, and efficient. By preparing early and ensuring accurate declarations, you can avoid penalties and maximize your tax benefits. If in doubt, refer to the IRAS website or consult a tax professional.
Check out our website at https://ebos-sg.com/ to explore more articles and discover how our Cloud Accountant Services can support you on your business.
