I was reading a news on Facebook and it looks like bloggers in Singapore were issued with IRAS letter informing them to pay taxes on their social media marketing activities.
Below is a sample of IRAS Income Tax Letter to Bloggers to pay Taxes.
This is applicable to ALL Social Media Influencers, such as Bloggers, Instagram, YouTube, Facebook and etc.
And for those food bloggers who loves snapping food pictures and attending food tasting, or anything that was given to you for review...they are taxable! Yup, you have to self-declare all that because it's considered as 'Profit'....even if you weren't monetarily compensated. In short....they're count as 'income' even though we're not getting paid?!? Seriously?!?!?!
With that being said, if Singapore is issuing letters to bloggers, I guess in no time our government will pick this up and issue letters to bloggers in Malaysia too? I guess we have to wait and see.
To end this post I can only say.....Jia Lak!!!
No comments:
Post a Comment