{"id":6329,"date":"2024-03-28T01:00:00","date_gmt":"2024-03-27T17:00:00","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=6329"},"modified":"2024-03-28T01:02:14","modified_gmt":"2024-03-27T17:02:14","slug":"guide-file-income-tax-private-hire-car-driver-taxi-driver-singapore","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/guide-file-income-tax-private-hire-car-driver-taxi-driver-singapore\/","title":{"rendered":"Guide On How To File Your Income Tax As A Private Hire Car (PHC) Driver Or Taxi Driver In Singapore"},"content":{"rendered":"\n

Filing your income tax as a self-employed person can be very different from filing your income tax as a full-time employee, especially if you were working for a company on the Auto-Inclusion Scheme<\/a> for Employment Income. <\/p>\n\n\n\n

For the many drivers who have joined private hire car operators such as Grab, Gojek, Ryde and Tada to supplement or replace their income, this may be the first time you will need to file your income tax as a self-employed person. <\/p>\n\n\n\n

According to IRAS, Private Hire Car (PHC) and taxi drivers are considered self-employed persons. This means that unless you are hired directly by ComfortDelgro as a taxi driver or Grab as a fleet driver, you need to file your income tax as a self-employed person based on the revenue you derive from driving your car and taxi.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>Guide To Understanding Your Tax Obligations As A Self-Employed Individual<\/em><\/strong><\/a><\/p>\n\n\n\n

File Your Income Tax Under Form B<\/strong><\/h3>\n\n\n\n

For private hire car and taxi drivers, you will need to file your income tax under Form B.<\/p>\n\n\n\n

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File Your Income Using Pre-filling of Income for Self-Employed Persons (SEPs)<\/strong><\/h3>\n\n\n\n

Since 2018, Private Hire Car (PHC) and taxi drivers are eligible for pre-filling of income for self-employed persons, if their operators took part in the pre-filling of income for self-employed persons scheme. <\/p>\n\n\n\n

Under this scheme, your gross income is filled in on your behalf by intermediaries such as the operators (e.g. Grab and Gojek. Note that ComfortDelgro did not join the scheme, so drivers with them are ineligible.<\/p>\n\n\n\n

Pre-filling of income also excludes drivers engaged as employees and drivers who provide solely social carpool services (e.g. GrabHitch).<\/p>\n\n\n\n

Read Also: <\/em><\/strong>What Is The Drive And Save (DAS) Scheme, And How It Benefits Taxi Drivers<\/em><\/strong><\/a><\/p>\n\n\n\n

If you are eligible, your operator (e.g. Grab, Gojek) would have sent you an email to your registered email address to opt-in to the pre-filling scheme. Currently, this invitation is sent by participating operators on a yearly basis (before filing season), so you will need to opt-in every year. <\/p>\n\n\n\n

If you are driving with multiple platform operators and did not opt-in to all of them, you will need to manually input your earnings from those you did not opt-in for. <\/p>\n\n\n\n

The pre-filled information should show up under Income, Deductions and Reliefs Statement (IDRS) in your Form B. <\/p>\n\n\n\n

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Sample Of Pre-filled Income. Source: <\/em>IRAS<\/em><\/a>.<\/em><\/p>\n\n\n\n

If you were ineligible for pre-filling or forgot to opt-in, you can refer to the annual statement that each platform operator sends.<\/p>\n\n\n\n

For Grab, you can check your email for this annual statement which is sent to your registered email address. Alternatively, you can download the statement within the Grab Driver app, under History > Weekly > Partner Statement > Complete Partner Statement.<\/p>\n\n\n\n

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Source: <\/em>Grab<\/em><\/a><\/em><\/p>\n\n\n\n

You can also request for paper copy of the annual statement from the platform operators, but some of them will charge a fee for this request. <\/p>\n\n\n\n

You Can Automatically Claim 60% Deemed Expenses<\/strong><\/h3>\n\n\n\n

To make tax filing simpler, the prescribed deemed expense ratio for all self-employed private-hire car (PHC) and taxi drivers is set at 60% of the gross driving income. <\/p>\n\n\n\n

According to IRAS, this amount is deemed to be the sum of all deductible business expenses incurred (including car rental, repairs, maintenance, fuel, parking fees, service fees paid to booking service operators) in earning your driving income. The 60% prescribed deemed expense is applicable to all PHC or taxi drivers regardless of whether they drive on a full-time, part-time or casual basis.<\/p>\n\n\n\n

This means that when you file your income tax, you can automatically claim 60% as expenses instead of claiming actual expense amounts. For those who choose to claim 60% deemed expenses, you will no longer need to keep receipts and invoices, although you should continue to keep simple records (e.g. the list of your expenses) as a good business practice.<\/p>\n\n\n\n

If your actual expenses exceed 60%, you can also choose to claim the actual business expense amount. Expenses that you can claim for deduction should be incurred solely for producing your driving income. These may include: <\/p>\n\n\n\n