Advertisement
Anonymous
Help needed with taxes and CPF as a self-employed person (comic book illustrator) with an online business
Hi! 23 year old here, recently moved back to SG after graduating from my degree and am confused about the taxes I am required to pay. I do freelance illustrations for a mainly overseas clientele (paid by PayPal) and also sell my art as products on etsy (to a mainly overseas clientele I built while studying) I read a few articles, but I'm not sure about the following:
1) Is my etsy store considered an online business? If so, do I have to register with ACRA? My product are made to order and all my suppliers are non-local, I only do the packaging and shipping in SG. This part freaks me out a little as I read that you need to submit a Profit and Loss statement for businesses and I'm just a poor graduate with zero prior knowledge about finance.
2) I think I am self-employed, and from what I read I am required to top up Medisave. Is there a guide that tells me how i can go about declaring my taxes and topping up into the Cpf Account?
Any help is appreciated!
3
Discussion (3)
Learn how to style your text
Reply
Save
Hello!
1) I don't think you need to declare anything cause I have friends that is designing and selling on Etsy/ Shopee and carosell her illustrations and products as well. But they are really small based too, so there is nothing to declare :)
Reply
Save
I think a good starting point is here:
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
By right, all buisness in sg should be register under Acra and yes, if u are registered as self-employ, CPF will send u letter when time arrived to top up medisave.... But there is always a left side, u must weight if it is worth registering.