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SINGAPORE – The Singapore Internal Revenue Authority (Iras) will send tax invoices directly to select taxpayers in lieu of filing notices this tax season.
The vast majority of taxpayers already on the No-Filing Service (NFS), which means they are not required to file a tax return, do not make any adjustments to their income, deductions and allowances when they receive their notice from NFS before his tax bill, Iras said in a statement on Monday (March 1).
Under the new Direct Assessment Notification initiative, NFS taxpayers will receive their tax bills directly when they are ready, the authority said.
“This is possible as more information on income is automatically included and tax allowances can be pre-filled for taxpayers,” he said, adding that taxpayers can still object to the assessment if they want to make changes to their reported income and tax claims. relief. at that stage.
More taxpayers who are in the NFS scheme will be able to enjoy this new service initiative progressively over the next few years, added Iras.
This scheme is one of the new initiatives of Iras to simplify the filing of taxes.
Other enhancements include commission agents and private rental car / taxi drivers who enjoy NFS and a new look for tax notices this year with an improved layout for easier reading.
Iras will extend NFS to self-employed taxpayers for the first time this year, benefiting eligible commission agents and private rental car / taxi drivers who have joined the Pre-Completed Income Program.
Under the Income Pre-Completion Plan, the income information for self-employed taxpayers is pre-filled on their tax returns.
The regime will be extended to other groups of autonomous taxpayers progressively.
Such NFS eligible taxpayers will receive an SMS notification from Iras. They do not need to file a tax return unless they want to make adjustments to the details of their income or claims for relief.
They will receive their tax bills from May.
Iras will also digitize most notices from May, minimizing paper notices.
The new notices will show simple steps for taxpayers to follow and feature an improved design for a better user experience.
In line with Iras’ focus on digital, some 720,000 taxpayers will be invited to receive their tax invoices electronically this year, bringing the total number of taxpayers receiving electronic tax invoices to more than two million.
Taxpayers are encouraged to ensure that their contact details are up to date and to indicate their notification preferences through the new digital service “Update Notification Preferences” on the myTax portal.
Iras also said that taxpayers who have been working from home can claim incremental operating expenses in electricity and telecommunications charges incurred for work reasons as tax deductions, if these expenses are not reimbursed by their employers.
Bills can be compared before and after working from home, and the difference can be claimed as a deduction.
If there is more than one taxpayer working from home, Iras will accept an equitable apportionment basis by calculating the amount of shared expenses among all people who work in the same household.
Taxpayers will also have to keep expense records for five years and provide Iras with supporting documents upon request.
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