Filing Requirements for Sole Proprietors: All You Need to Know
Counto
MARCH 19, 2024
Proper record-keeping is crucial for accurate tax reporting and to navigate audits or inquiries by the Inland Revenue Authority of Singapore (IRAS). Tax Reporting Methods Adopt the accrual method of bookkeeping for accurate reporting. Tax Rates and Carry Over Losses Sole proprietors are taxed at personal income tax rates.
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