From Work Year 2023 onwards
All net trade income (NTI)1 declarations 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.
1NTI is your gross trade income minus all allowable business expenses, capital allowances and trade losses as determined by IRAS.
If you have earned income from more than one trade, you should declare each source of income separately when filing your tax return with IRAS. Each trade should be reported under its own appropriate nature of business category. Refer to
IRAS’ step-by-step guide to declare your income(s).
When IRAS has completed the income assessment for the year, you will receive a notice of CPF contributions for self-employed persons from CPF Board informing you of your MediSave payable. You will be able to view this notice on the
self-employment dashboard after logging in with your Singpass.
For Work Year 2022 or earlier
If you were not issued with a Notice of Assessment by IRAS and wish to declare your NTI for work year 2022 and earlier, you can
write to us using your Singpass.
If you have declared your NTI with IRAS, you do not need to declare your income again to CPF Board.
