Expenses incurred from working at home qualify for tax deductions
- Posted by: vitu
- Category: Innovation
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.