LLP - income tax

[fairylord]

Hi, I have an LLP. How do we declare the I come? Izit considered personal. Income..or I need to submit separately like business?

 

[yamakazi51]

Hi, I have an LLP. How do we declare the I come? Izit considered personal. Income..or I need to submit separately like business?

Go to iras website. All the information are there, don’t be lazy to read and do things last minute

 

[bright_84]

File your form t then file your form b1

 

[fairylord]

File your form t then file your form b1

Thanks.. At least I got some specified form number to read the related source in IRAS.

 

[existential_reality]

My accountants normally submit a Form P detailing the gross income, expenses and thus net profit received allocated to each partner, this is for the business.

For personal tax returns then I would submit the net income as a declaration under my partnership. (Form B?)

Hi, I have an LLP. How do we declare the I come? Izit considered personal. Income..or I need to submit separately like business?

 

[fairylord]

My accountants normally submit a Form P detailing the gross income, expenses and thus net profit received allocated to each partner, this is for the business.

For personal tax returns then I would submit the net income as a declaration under my partnership. (Form B?)

Thanks mate.

Found the answer where to start the reads.

https://www.iras.gov.sg/irashome/Businesses/Self-Employed/Learning-the-basics/Partnership-/-Limited-Liability-Partnership--LLP--/-Limited-Partnership--LP-/


Basically, the precedent partner (first name in Partnership Agreement/appointed) to submit Form P by 18/4/2019 (efile, 15/4 if paper filing.).

Then individual will submit the personal income form (form B/B1) and declared also the partnership shared income.

 

[bright_84]

Thanks mate.

Found the answer where to start the reads.

https://www.iras.gov.sg/irashome/Businesses/Self-Employed/Learning-the-basics/Partnership-/-Limited-Liability-Partnership--LLP--/-Limited-Partnership--LP-/


Basically, the precedent partner (first name in Partnership Agreement/appointed) to submit Form P by 18/4/2019 (efile, 15/4 if paper filing.).

Then individual will submit the personal income form (form B/B1) and declared also the partnership shared income.

Opps form p. Paiseh

 

[coldkohmew]