![]() If not, you may want to check out this free eResource bundle that’s meant primarily for newbie online sellers and digital creators who either have no idea what to do, and where to start. If there is a lesson to be had, it would be to have good record keeping practices. IRAS is prepared to reduce penalties for voluntary disclosures which meet the qualifying conditions. The IRAS Voluntary Disclosure Programme (VDP) encourages taxpayers who have made errors in their tax returns to come forward voluntarily, in a timely manner, to correct their errors. Oops, I made an error in my previous tax returnsĭon’t worry, this is actually more common than you think.Īnd IRAS knows that some taxpayers may occasionally make errors in their tax returns due to lack of care or awareness of their tax obligations. ![]() This also means that if the respective affiliate partners aren’t submitting these data automatically – because most, if not all, will not be able to provide any guidance on taxation matters and thus ask you to clarify directly with IRAS – it is our duty to submit these tax returns. It means we don’t even have to lift a finger to do a single thing since everything is automatically captured for us! Increasingly, you’ll notice participating organisations (such as Endowus) submitting information to IRAS electronically for commission earners. In case you aren’t aware, those nice $20 rewards for referral sign-ups would mean that we are considered as commission agents if our activities are conducted repeatedly in an organised manner like how a typical business is being run.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |