Dr Money: A Dozen Quick and Easy Tax Tips

Dr Money has given 12 tips on how you can save on your income tax. You can visit his

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A brief introduction:

Time flies. It is tax time again. This year’s taxes are due on April 18 for e-filing and April 15 if you mail in a return.

The maximum fine for not filing or filing late is $1,000, but you can receive an extension if you have a good reason.

The Inland Revenue Authority of Singapore (IRAS) hopes 80 per cent of the 1.34 million taxpayers will e-file this year. That is up from 73 per cent last year.

The new e-filing system is fast, easy and almost fun. Gone are past years’ glitches when the screen would suddenly hang just as you completed your return.