CPF tax payment

[D-Aced]

Income tax payment

For Interest free installment x 12 months

Is is one-time thing or for every tax payment after applying?

 

[_dXter]

There's no tax on CPF. You referring to income tax? Then it's a recurring arrangement, auto tax repayment every year.

 

[limster]

When I saw the title "CPF Tax payment" I was wondering whether it was some sort of clickbait/trolling post.... it certainly made me click

 

[iduncheckmail]

I also kena ....zzzz ...

 

[D-Aced]

There's no tax on CPF. You referring to income tax? Then it's a recurring arrangement, auto tax repayment every year.

Oh. Does that mean that it is tax free if i choose to pay monthly from the moment i apply?

When I saw the title "CPF Tax payment" I was wondering whether it was some sort of clickbait/trolling post.... it certainly made me click

Ops sry. its income tax

I also kena ....zzzz ...

income tax

 

[_dXter]

So you mean interest free? Yes, monthly installment repayment of income tax is interest free.

 

[D-Aced]

So you mean interest free? Yes, monthly installment repayment of income tax is interest free.

only for first year

or forever?

 

[Trazora]

only for first year

or forever?

Interest free forever (unless things change in future). Installment plan will be autogenerated (no need to apply for installment again) each year after income assessment

 

[BBCWatcher]

There's also a Contribute-As-You-Earn MediSave contribution scheme available to many freelancers who have public sector contracts. It helps smooth out MediSave contributions so you avoid potential cash flow problems. This is actually better than interest free because it effectively pulls forward the 4% (sometimes 5%) interest that MediSave dollars earn.