1.23 million taxpayers need not file taxes

February 28, 20146:03 pm256 views
1.23 million taxpayers need not file taxes
1.23 million taxpayers need not file taxes

SINGAPORE — More taxpayers, including 15,000 who will be filing for the first time, will benefit from the no-filing service this year, the Inland Revenue Authority of Singapore (IRAS) said.

The tax filing season begins tomorrow, but for 1.23 million, or 60 per cent of all taxpayers, it will be a non-event.

The IRAS said the no-filing service has grown significantly over the years to benefit 27 times as many taxpayers this year, as compared to when it was first launched in 2007.

Taxpayers who have been informed of their eligibility for the service this year will not need to file a tax return, unless they have additional income to declare or changes to make to their personal reliefs.

 

source: todayonline.com

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