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Useful IRAS presentation on allowable deductions for self employed / partnerships

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PNGMK
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Useful IRAS presentation on allowable deductions for self employed / partnerships

Post by PNGMK » Tue, 12 Jul 2022 8:33 am

https://www.iras.gov.sg/media/docs/defa ... 9c1b2248_7

This lays out what is deductible and the required accounting if you're running a sole proprietorship or small business or partnership.

Interesting factoids - private car expenses are completely disallowed for business (even if on business) but entertainment expenses are allowed.... so take your customer out, get pissed and use a taxi.
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Myasis Dragon
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Re: Useful IRAS presentation on allowable deductions for self employed / partnerships

Post by Myasis Dragon » Tue, 12 Jul 2022 10:27 am

Good stuff. Thanks.

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