Demystifying Income Tax for Online Content Creators: Your Guide To IRAS Compliance (2024)
Tax season is here in Singapore! And this means one thing 💸💸💸 Today’s focus is going to be on something a little bit different. Have you been engaging in online activities for a profit e.g. provision of online content? Income earned may include advertising, blogging, subscription and commission etc. If yes, then IRAS will thank […]
Should You Keep Your Excess Savings In CPF OA Or Withdraw Them When You Turn 55 From 2025?
By now, most Singaporeans should be aware that their CPF Special Account (SA) will be closed when they turn 55. Their SA savings will be transferred to their Retirement Account (RA), up to the Full Retirement Sum (FRS) or Basic Retirement Sum (BRS). Any remaining SA savings will be transferred to their Ordinary Account (OA). […]
Ryde IPO: Singapore’s First Ride-Hailing Startup to List on the New York Stock Exchange (RYDE:NYSE)
When a company goes public, it typically raises money by offering shares to investors via an initial public offering (IPO). Recently, Ryde – a Singapore-based company – has raised US$12 million (S$16 million) from an IPO on the New York Stock Exchange (NYSE) under the ticker “RYDE”. So, what should investors know about Ryde (NYSE: […]
Complete Guide To Personal Income Tax Rates And Income Brackets In Singapore
Personal Income Tax amounted to $17.53 billion in 2023, accounting for nearly 17% of the Singapore government’s revenues. This is a significant source of income for the government, and the second-largest behind Corporate Income Tax. Like many other countries, Singapore employs a progressive personal income tax system. The tax rate is divided into 12 tax brackets – a […]
yuu Rewards Club: Guide To Boosting Your Savings And Rewards With Your Everyday Spending
This article was written in collaboration with yuu. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. You can view our full editorial policy […]
What Landlords Need To Know Before Renting Out Their HDB Flat or Bedroom In Singapore
It is no secret that we have a greying population here in Singapore and according to the Singapore Department of Statistics, around 88.9% of the resident population lives in owner-occupier households. Amongst them, around 78.3% live in HDB flats. HDB flat owners, aside from selling the flat, also have the option of monetising their flat by either […]
Complete Singapore Parents’ Guide To Childcare Subsidies For Their Little One(s)
The rising cost of living in Singapore has made raising a child a relatively expensive affair. Fortunately for us in Singapore, there are a slew of childcare subsidies to help parents defray costs related to raising young children before they enter school, depending on the eligibility, as well as the terms and conditions of the subsidies. […]
