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How Much Money Do You Have To Make To File Taxes

2010 is coming to a close and soon the government will be collecting money from you in 2011 in the form of income tax for the amount of money you have earned in 2010.

How Much Money Do You Have To Make To File Taxes?

If your income for the previous year (2010) is $22,000 or more, you need to submit a tax return.

You need to submit your completed paper tax form to IRAS by 15 April, or 18 April if you e-File.

Taxpayers have 30 days from the date of the Notice of Assessment (NOA) to pay the tax.

When no payment is received, a 5% penalty and subsequently a 1% additional penalty may be imposed on the outstanding tax!

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