Business receipts versus personal disposals
Sales, freelance services, subscriptions, advertising and affiliate commissions may be taxable. An overseas platform does not make income foreign-sourced when the supporting business operations take place in Singapore. Disposal of goods acquired mainly for personal enjoyment is distinguished from subsequent buying and selling for profit.
Filing and supporting records
File when instructed by IRAS, or generally when annual net trade income exceeds S$6,000 or total taxable income exceeds S$22,000. Keep records for five years, prepare accounts and report actual figures rather than estimates under the business-income section. Claim only allowable expenses; private and capital costs are excluded. Companies follow corporate filing rules. Check GST registration separately where turnover exceeds the relevant threshold.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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