What is www mom gov sg ipa cheak?
What is www mom gov sg ipa cheak?
www mom gov sg ipa cheak is a website that provides information on the Inland Revenue Authority of Singapore’s (IRAS) Individual Physical Activities (IPA) scheme. The IPA scheme allows individuals to claim tax relief on certain expenses incurred in the course of their self-employment or freelance work.
Who is eligible for www mom gov sg ipa cheak?
To be eligible for the IPA scheme, you must meet the following criteria:
- Be a Singapore citizen or Permanent Resident
- Be self-employed or a freelancer
- Have incurred expenses in the course of your self-employment or freelance work
What expenses are claimable under www mom gov sg ipa cheak?
The following expenses are claimable under the IPA scheme:
- Advertising and marketing
- Commission and fees
- Equipment and supplies
- Home office expenses
- Insurance
- Legal and accounting fees
- Meals and entertainment
- Motor vehicle expenses
- Rent and utilities
- Salaries and wages
- Travel
How do I claim tax relief under www mom gov sg ipa cheak?
To claim tax relief under the IPA scheme, you must submit a Form IR8A to IRAS. The Form IR8A must be submitted together with your income tax return.
What is the deadline for claiming tax relief under www mom gov sg ipa cheak?
The deadline for claiming tax relief under the IPA scheme is 15 April of the year following the year in which the expenses were incurred.
How much tax relief can I claim under www mom gov sg ipa cheak?
The amount of tax relief that you can claim under the IPA scheme is limited to the amount of income that you earned from your self-employment or freelance work.
What are the benefits of using www mom gov sg ipa cheak?
There are several benefits to using the IPA scheme, including:
- Reducing your tax liability
- Simplifying your tax return
- Getting a refund if you overpaid your taxes
How can I get help with using www mom gov sg ipa cheak?
If you need help with using the IPA scheme, you can contact IRAS at 1800-356-8622.
Additional resources
1. What is the difference between the IPA scheme and the Self-Employed Person Income Relief (SPIR) scheme?
The IPA scheme is a tax relief scheme that allows self-employed individuals and freelancers to claim tax relief on certain expenses incurred in the course of their work. The SPIR scheme is a tax rebate scheme that provides a rebate of up to $5,000 on the income of self-employed individuals and freelancers.
2. Can I claim tax relief under both the IPA scheme and the SPIR scheme?
No, you can only claim tax relief under one of these schemes.
3. How do I know if I am eligible for the IPA scheme?
To be eligible for the IPA scheme, you must meet the following criteria:
- Be a Singapore citizen or Permanent Resident
- Be self-employed or a freelancer
- Have incurred expenses in the course of your self-employment or freelance work
4. What expenses are claimable under the IPA scheme?
The following expenses are claimable under the IPA scheme:
- Advertising and marketing
- Commission and fees
- Equipment and supplies
- Home office expenses
- Insurance
- Legal and accounting fees
- Meals and entertainment
- Motor vehicle expenses
- Rent and utilities
- Salaries and wages
- Travel
5. How do I claim tax relief under the IPA scheme?
To claim tax relief under the IPA scheme, you must submit a Form IR8A to IRAS. The Form IR8A must be submitted together with your income tax return.
6. What is the deadline for claiming tax relief under the IPA scheme?
The deadline for claiming tax relief under the IPA scheme is 15 April of the year following the year in which the expenses were incurred.
7. How much tax relief can I claim under the IPA scheme?
The amount of tax relief that you can claim under the IPA scheme is limited to the amount of income that you earned from your self-employment or freelance work.
8. What are the benefits of using the IPA scheme?
There are several benefits to using the IPA scheme, including:
- Reducing your tax liability
- Simplifying your tax return
- Getting a refund if you overpaid your taxes
9. How can I get help with using the IPA scheme?
If you need help with using the IPA scheme, you can contact IRAS at 1800-356-8622.
The IPA scheme is a valuable tax relief scheme that can help self-employed individuals and freelancers reduce their tax liability. If you are eligible for the IPA scheme, I encourage you to take advantage of it.
