How do I declare my annual net trade income online as a self-employed person?
For Work Year 2023 (WY2023) onwards
All Net Trade Income (NTI) declarations for Work Year 2023 (Year of Assessment 2024) can be made with the Inland Revenue Authority of Singapore (IRAS) by filing a tax return. There is no need to file separate declarations with CPF Board.
If you receive a notification (via letter/form/SMS) to file tax from IRAS or you meet the requirement to file tax (i.e. NTI above $6,000 and/or Total Income above $22,000), please complete and submit the tax return to IRAS directly. The income tax filing period is from 1 March to 18 April annually.
If you do not receive a notification from IRAS or do not meet the requirement to file tax, you can declare your self-employed net trade income (NTI) to IRAS via myTax Portal which will be available from 1 March to 31 October annually for taxpayers to e-File tax returns.
Once IRAS has assessed your income for the year, your assessed NTI will be transmitted to the Board. You can check your updated NTI records by logging in to the Self-employment dashboard with your Singpass.
For Work Year 2022 (WY2022) or earlier
If you were not issued a Notice of Assessment (NOA) by IRAS and wish to declare NTI for work years prior to 2023, you can write to us via My Mailbox using your Singpass.
If you have declared your NTI with IRAS, you need not declare your income again to CPF Board.