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Old 13-04-2022, 07:42 PM
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Does Elliot need to declare the income earned from his gaming channel? #TaxSeason2022
Elliot earns subscription fees from his followers by regularly posting exclusive content such as gaming tips and tricks on a third-party platform (e.g. Patreon, Twitch, etc). Elliot’s regular income from the content postings is taxable as trade income.
If Elliot’s total annual net trade income exceeded $6,000 or total annual taxable income exceeded $22,000 last year, he will need to e-file a tax return by 18 April. The income earned from his gaming channel should be reported under "Trade, Business, Profession or Vocation" in his individual income tax form.
Find out more about the tax obligations of online sellers and service providers at go.gov.sg/tax-guide-online-sellers-service-providers
It’s tax season! File your taxes by 18 April at s://mytax.iras.gov.sg

please declare your tax

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