Expenses incurred from working at home qualify for tax deductions (Singapore)

Source: Business Times

Firstly, note that Business Times is part of SPH (Singapore Press Holdings) and hence is a rather reliable source.

This is quite a good news for large families or large households. For small households, the total expenses saved may be quite negligible (maybe just $10 per month). Another thing is that the calculation seems quite difficult and hard to justify (for example whether increased air con usage due to work from home is justified as electricity expenses).

Another scenario where it is useful is maybe those telemarketers who use their own phone to call at home.

Currently, this source from Business Times seems to be the sole source of information. Probably when more official sources appear, there will be more information on how to calculate and provide justifications for the tax expenses savings. Some worked examples would also help, for people to gauge what is the typical amount they can claim.

WORKERS working from home can claim deduction against employment income for charges such as electricity and telecommunication expenses not reimbursed by employers.

An Inland Revenue Authority of Singapore (Iras) spokesperson told The Business Times: “Tax deduction against employment income is allowable for expenses incurred wholly and exclusively in the production of employment income. ”

To qualify for deduction, the expenses must be incurred while carrying out official duties, not reimbursed by the employer, and not capital or private in nature.

These expenses include the additional power and telecommunication bills incurred when employees are required to work from home. This is not limited to the “circuit breaker” period, the taxman said.

The Business Times

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