Claim for Expenses Yes No Have you claimed any of the following expenses in arriving at your Profit/(Loss) amount declared in your Income Tax Return for the Year of Assessment _______? 1. Your own salary, allowances, CPF/ Medisave Contributions and income tax. 2. Private / Domestic Expenses such as : Food and household expenses for self, family members and friends; Gifts for self, family members and friends; Medical expenses for self and family members who are not working in the business; Entertainment for self, family members and friends; Travelling expenses for personal trips with family members or friends; Personal membership/subscriptions/entrance fees to social Insurance premiums for policies (e.g. life insurance policy, education plan, home insurance, mortgage insurance etc) taken up for self and family. 3. Motor vehicle expenses (e.g. petrol costs, insurance, repair and maintenance, road tax, COE, parking fees and ERP charges etc.) incurred by you and/or reimbursements of such expenses incurred by your employees, in respect of private hire cars or private cars (E, Q or S-plate cars). Praying and religious expenses including contributions to temples and religious 4. organizations. (B) Claim for Expenses (cont.) Yes No 5. Donations to charitable organizations. 6. Penalties, fines (e.g. traffic fines) and late payment charges. Purchase of fixed assets. 7. Please note that the above expenses are not deductible for income tax purposes. If your answer is to any of the above question(s), please exclude them from your revised Profit and “Yes” Loss Statement for the year(s) concerned.
Claim for Expenses Yes No Have you claimed any of the following expenses in arriving at your Profit/(Loss) amount declared in your Income Tax Return for the Year of Assessment _______? 1. Your own salary, allowances, CPF/ Medisave Contributions and income tax. 2. Private / Domestic Expenses such as : Food and household expenses for self, family members and friends; Gifts for self, family members and friends; Medical expenses for self and family members who are not working in the business; Entertainment for self, family members and friends; Travelling expenses for personal trips with family members or friends; Personal membership/subscriptions/entrance fees to social Insurance premiums for policies (e.g. life insurance policy, education plan, home insurance, mortgage insurance etc) taken up for self and family. 3. Motor vehicle expenses (e.g. petrol costs, insurance, repair and maintenance, road tax, COE, parking fees and ERP charges etc.) incurred by you and/or reimbursements of such expenses incurred by your employees, in respect of private hire cars or private cars (E, Q or S-plate cars). 4. Praying and religious expenses including contributions to temples and religious organizations. (B) Claim for Expenses (cont.) Yes No 5. Donations to charitable organizations. 6. Penalties, fines (e.g. traffic fines) and late payment charges. 7. Purchase of fixed assets. Please note that the above expenses are not deductible for income tax purposes. If your answer is “Yes” to any of the above question(s), please exclude them from your revised Profit and Loss Statement for the year(s) concerned.
Checklist%20For%20Self-Review%20Letter.docx