Introduction
Filing your income taxes in Singapore can be a daunting task, but it’s important to make sure that you do it correctly and on time. One of the most important documents that you need to file is your Income Tax Statement (ITS). This document shows your income, deductions, and taxes for the year. You can use this document to file your taxes online or by mail.
How to Print Your Income Tax Statement
There are two ways to print your Income Tax Statement:
- Online: You can print your ITS online through the IRAS website. To do this, you will need to log in to your account and click on the “Income Tax Statement” tab.
- By mail: You can also request a copy of your ITS by mail. To do this, you will need to fill out Form IR8A and mail it to the IRAS.
What Information is Included on Your Income Tax Statement?
Your Income Tax Statement will include the following information:
- Your personal information
- Your income for the year
- Your deductions for the year
- Your taxes for the year
- Your refund or balance due
Tips for Reading Your Income Tax Statement
Here are a few tips for reading your Income Tax Statement:
- Start by reviewing your personal information. Make sure that your name, address, and other personal information is correct.
- Next, review your income. This section will show you all of the income that you earned during the year.
- Then, review your deductions. This section will show you all of the deductions that you claimed on your taxes.
- Finally, review your taxes. This section will show you how much taxes you owe.
How to Use Your Income Tax Statement
You can use your Income Tax Statement to file your taxes online or by mail. If you are filing your taxes online, you will need to enter the information from your ITS into the tax software. If you are filing your taxes by mail, you will need to attach your ITS to your tax return.
Penalties for Not Filing Your Income Tax Statement
If you do not file your Income Tax Statement by the deadline, you may be subject to penalties. The penalties for not filing your ITS on time can be significant, so it is important to make sure that you file your ITS by the deadline.
Conclusion
Filing your income taxes can be a daunting task, but it is important to make sure that you do it correctly and on time. One of the most important documents that you need to file is your Income Tax Statement. This document shows your income, deductions, and taxes for the year. You can use this document to file your taxes online or by mail.
Frequently Asked Questions
1. What is the deadline for filing my Income Tax Statement?
* The deadline for filing your Income Tax Statement is April 15th.
2. What happens if I do not file my Income Tax Statement by the deadline?
* If you do not file your Income Tax Statement by the deadline, you may be subject to penalties.
3. How can I get help with filing my Income Tax Statement?
* You can get help with filing your Income Tax Statement by visiting the IRAS website or by calling the IRAS hotline at 1800-372-2729.
4. What should I do if I have lost my Income Tax Statement?
* If you have lost your Income Tax Statement, you can request a copy of your ITS by mail. To do this, you will need to fill out Form IR8A and mail it to the IRAS.
