Renew OPC Car Road Tax

I have come out this checklist to ensure that you have done it correctly in order for you to renew your OPC Car Road Tax.

Step 1
Source for your best insurance quotes and purchase the motor car insurance. NTUC Income is probably one of the most affordable motor insurer.

Step 2
Go to a Vehicle Inspection Centre to do your number plate inspection(OPC Cars). In addition, you may need to do a vehicle inspection if necessary.

Step 3
Get the Number Plate Inspection Certificate and Vehicle Inspection Report(if necessary) together with your new insurance cover to renew your road tax. This can be done at all LTA approve vehicle inspection centre.

It is as easy as 123 to renew your OPC Car  Road Tax.

Visit One Motoring for more details>>>

Property Tax Rebates 2009

Singapore Owner Occupied Residential Property are given an additional 40% Property Tax Rebate as announced in the Budget Statement on 22 Jan 2009. This is for the period of 01 Jan 2009 to 31 Dec 2009.

The refunds will be made to you via cheque or GIRO Bank Account. If you have any outstanding taxes that are due for payment, it will be used to offset the outstanding taxes. Any leftover amount will be refund to you. But if the fund amount is less than $15, it will be carried forward to offset your future tax liability. You may however request for a refund if you want. Email for a refund at refund@iras.gov.sg and you will get the refund back to you. The processing time is 30 days from the date the email is received by the tax Authority.

Efile Income Tax Returns 2009

Iras It is time to starting filing Income Tax again. Please start to do your Income Tax filing as the deadline approaches. Hardcopy filing must be done by 15 April 2009 while e-filing must be done by 18 April 2009.
It is easy to do e-filing online. You only need a Sing Pass or a IRAS pin given to u when you recieve the notification to do e-filing. Remember to print out the acknowledgement page after you finish the e-filing. This is proof that you have done your e-filing.
Visit IRAS now to start your e-filing>>>
Check the Income Tax Rates>>>

Singapore Tax Resident with two children will get a $10,000 Tax Rebates. In addition, Singapore Tax Resident with one children will also get $5,000 Tax rebates.
***IMPORTANT***
You need to apply for the Parenthood tax for first time claims for this rebate in the Main Tax Form in your Tax Portal.
Please click here to find out more at IRAS>>>

Income Tax Rates 08

I guess many of you have started to received your Income Tax bill. The tax rates is the same for every tax resident in Singapore.
You are treated as a tax residents for a particular Year of Assessment (YA) if you are a:

  • Singaporean; or
  • Singapore Permanent Resident (SPR) if you have established your permanent home in Singapore; or
  • Foreigner who stayed/worked in Singapore for 183 days or more in previous year (excludes director of a company).

Otherwise, you will be treated as a non-resident for a particular YA for Singapore tax purposes.
You may check out how your taxes is calculated and the Tax Rates by clicking here>>>

You may also download this useful tax calculator to calculate your taxes. You must enter the similar amount of income and reliefs that you have submitted to the Tax Authority to get an accurate  estimates of your taxes. Download the Tax Calculator>>>

Singapore Citizens with two children will get a $10,000 Tax Rebates but you must apply to the Tax Authority to enjoy this rebates.
Please visit IRAS for more info>>>

 

Income Tax Filing

Iras It is time to starting filing Income Tax again. Please start to do your Income Tax filing as the deadline approaches. Hardcopy filing must be done by 15 April 2008 while e-filing must be done by 18 April 2008.
It is easy to do e-filing online. You only need a Sing Pass or a IRAS pin given to u when you recieve the notification to do e-filing. Remember to print out the acknowledgement page after you finish the e-filing. This is proof that you have done your e-filing.
Visit IRAS now to start your e-filing>>>
Check the Income Tax Rates>>>