If you have received a letter from IRAS informing you that you are selected to benefit from the No-Filing Service, you do NOT need to submit an Income Tax Return.
IRAS, Inland Revenue Authority of Singapore, will issue you a tax bill (Notice of Assessment) based on your relief claims for last year, and the income details sent by your employer who participates in the Auto-Inclusion Scheme (AIS) for Employment Income. However, reliefs may be adjusted if you have been informed that you do not meet the eligibility criteria.
IRAS is to Singapore as BIR is to Philippines, get it.
You need to submit an Income Tax Return only if you:
- have additional income to declare. For e.g. you changed employer in year 2010 and your new employer is not in the AIS and/or received rental or other taxable income in year 2010; or
- have additional reliefs to claim. For e.g. you have a new child born in the year 2010; or
- need to remove pre-filled reliefs for which you are no longer eligible. For e.g. your child started working and had income exceeding $4,000 in the year 2010.