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#1

Posted 17 March 2016 - 09:55 AM

Jman888
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no more sponsor for diaper, milk powder, plastic surgery, travel packages, etc.....  

Taxman knocks on bloggers' doors, Bloggers social media influencers
ASIAONE, VULCAN POST
Wednesday, Mar 16, 2016
 
 
20160316_850_iras_st.jpg?itok=J1UD0rfM&t
Photo: The Straits Times
 
Blogging has long been around since the dawn of the internet, when one leverages on the Internet to pen down their thoughts and share their experience with their friends and of course, other followers on the Internet. It is only natural that there will be internet personalities or influencers who stand out among others, and manage to catch the attention of brands who might want to leverage on the blogger's popular following.
 
Just yesterday, some fellow bloggers have revealed that they received a letter from the Inland Revenue Authority of Singapore (IRAS), requiring them to clarify their income sources, which include products or services received via their websites.
 
According to the online statement, "Payments in exchange for services performed by social media influencers such as bloggers, YouTubers, etc. can take the form of money, goods or services. All monetary and non monetary payments / benefits-in-kind are taxable if they are given in return for services rendered or to be rendered by you. Any benefits whether monetary or in-kind provided to your family and friends will be taxable in your name."
 
blogging-tax.jpg
 
The website from IRAS also included some FAQs:
 
a) If I work full-time as a salaried employee and part-time as a social media influencer such as blogger/YouTuber, etc. will the income earned on part-time basis be subject to tax?
 
Answer : Yes. The income you received from social media marketing activities such as blogging, YouTubing, etc. will be assessed as self-employed income once it is ascertained that you are carrying on a trade or business.
 
b) Does blogging and blogging-related activities only refer to updating posts on my website?
 
Answer : No. Any income received from marketing activities performed on social media platforms such as Instagram, Twitter, Facebook, YouTube, etc. are also included.
 
c) I did not sign any contract prior to reviewing / promoting a product or service. Is the monetary / non-monetary payment still taxable?
 
Answer : As long as the payments are made in relation to your social media marketing activities, whether it is under contract or not, such payments are taxable.
 
d) I did not receive payments directly from the advertisers.
 
Answer : Payments are taxable regardless whether they are received directly from the advertisers, or indirectly through a social media influencer agency.
 
e) Are the products / services provided to my family / friends taxable?
 
Answer : Yes. If you and your family / friends are invited to a meal for 4 persons, you have to declare the market value of the meal for 4 persons, and not just your portion of the meal. The full value of the meal for 4 persons will be assessed in your name.
 
Blogging as a hobby and a business
 
For most personal bloggers, most usually start writing for themselves with the idea what whoever wanted to read it can choose to do so. At some point when the following grow, usually one would experiment with some advertising, which mostly would be Google Adsense, as a good way to cover some of the expenses of running the site. Server cost, domain cost as well as the time and other hidden costs usually make up a bulk of the expenses. To be a more effective blogger, there are a lot of resources needed - and most of them are not free. Naturally, one would need to earn some revenue (mostly via advertising) to cover the cost.
 
Now that the government is taxing for all revenue generated via social media, is it healthy for the industry?
 
In a Channel NewsAsia report, blogger Alvin Lim, who owns alvinology.com and asia361.com, told 938Live that the move might "kill the whole blogging industry". He also pointed out that "Who will go for food tastings now? IRAS also has to be fair to bloggers - most of us are one-man shows with no resources to do these things."
 
IRAS is reaching out to tax bloggers. I got quoted in CNA about it. 100 likes and I will write a blog post on my... https://t.co/Ww84CrBflf — Alvin Lim () March 15, 2016
 
Another blogger, Kenneth Lee from www.5meanders.com, wrote in his blog that "we have come to a point when a channel of expression is taxable".
 
Blogger PSA: If you attend food tastings in Singapore, you could be taxed for it! https://t.co/92kIUGjLhp — Kenneth Lee () March 14, 2016
 
These concerns are legitimate too, though IRAS noted that this is a regular engagement with the self-employed and is not meant to target or clamp down on bloggers. Blogging as a taxable income is not uncommon - countries such as the United States or Canada also requires blogger to declare any income through personal blogs.
 
So here's the catch. It all boils down to whether IRAS decides that your blog is a business, or a hobby. If your blog is a business, which resulted in a profit in previous years, you would probably receive a letter from IRAS soon. For most of the others who blog as a personal hobby to keep their friends updated, you should probably be safe.
 
It was also reported that in its financial year 2014/15, IRAS collected a total of S$43.4 billion in tax revenue, 4.4 per cent higher than the previous financial year. This amount represents 71.3 per cent of the government operating revenue. 54 per cent of this tax revenue (S$23.4 billion) was from income tax, which includes corporate income tax, individual income tax and withholding tax. IRAS also revealed that higher individual earnings, which led to a 16 per cent increase in individual income tax collection, contributed to the higher income tax collected.
 
So it looks like the government is looking to collect more income tax, and making sure that everyone is properly taxed according to their income. This is essential because Singapore follows an equitable taxation model - the more you earn, the more you will be taxed accordingly, so that the tax income can be properly distributed to other areas such as education, public facilities, healthcare et cetera.

 

 

 
 

Staff69 praised this
骑白马的不一定是王子,可能是唐僧;带翅膀的也不一定是天使,有时候是鸟人。

#2

Posted 17 March 2016 - 09:56 AM

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No running away :XD:



#3

Posted 17 March 2016 - 09:59 AM

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Fair la.

 

Blogging for fun is 1 thing but these people are blogging as a job. Dun wanna pay tax go to JB and post lor.


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That is all.

#4

Posted 17 March 2016 - 10:25 AM

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next is Youtuber ... [thumbsup]

 

overseas there are Youtuber making millions simply make up on screen, eating on screen and talk cock ... lol


Edited by Wt_know, 17 March 2016 - 10:25 AM.


#5

Posted 17 March 2016 - 10:27 AM

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Why are they afraid? If they are not earning many many, then declare lo. What's wrong haha. Once that elusive amount is disclosed den hoseh liao, all of us can become bloggers too :D



#6

Posted 17 March 2016 - 10:31 AM

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next is Youtuber ... [thumbsup]

 

overseas there are Youtuber making millions simply make up on screen, eating on screen and talk cock ... lol

 

My favorite youtube idol video is called "Charlie bit my finger".

 

Go watch it.... bloody made millions for that chap.


That is all.

#7

Posted 17 March 2016 - 10:32 AM

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How Uber & Grabtaxi drivers declare their income tax ... [sly]

 

Cos payment through credit card got records and also payment to the drivers by the companies...  :lll._.:


Ktglfc praised this

"Genius is One Per Cent INSPIRATION, Ninety-nine Per Cent PERSPIRATION"


#8

Posted 17 March 2016 - 10:35 AM

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Why are they afraid? If they are not earning many many, then declare lo. What's wrong haha. Once that elusive amount is disclosed den hoseh liao, all of us can become bloggers too :D

 

 

those pay in kind quite lechey, they have to find out the market price of the item which some time not readily available.


Benarsenal praised this
骑白马的不一定是王子,可能是唐僧;带翅膀的也不一定是天使,有时候是鸟人。

#9

Posted 17 March 2016 - 10:36 AM

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How Uber & Grabtaxi drivers declare their income tax ... [sly]

 

Cos payment through credit card got records and also payment to the drivers by the companies...  :lll._.:

 

Yah hor.

 

Taxi lau always complain about uber and grab.... Say they want an even playing field.

 

Tax declaration should also be an even playing field.


That is all.

#10

Posted 17 March 2016 - 10:50 AM

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Another blogger, Kenneth Lee from www.5meanders.com, wrote in his blog that "we have come to a point when a channel of expression is taxable".

 

 



Paid reviews is channel of sexpression meh?
 

 

 

 

In a Channel NewsAsia report, blogger Alvin Lim, who owns alvinology.com and asia361.com, told 938Live that the move might "kill the whole blogging industry". He also pointed out that "Who will go for food tastings now? IRAS also has to be fair to bloggers - most of us are one-man shows with no resources to do these things."

 

 

 

image.png

 

 

 

 

 

 

 

 

Prease dunch cum after my blwog hor, i lose $$$ to maintain one. 


Edited by Mockngbrd, 17 March 2016 - 10:52 AM.

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#11

Posted 17 March 2016 - 10:55 AM

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is MCF praises taxable? muahahahaha

 

hearsay, someone got $100 petrol vouchers .... lol


Edited by Wt_know, 17 March 2016 - 10:56 AM.


#12

Posted 17 March 2016 - 10:56 AM

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those pay in kind quite lechey, they have to find out the market price of the item which some time not readily available.

 

Is gei siao one. The traffic into website/youtube will translate into dollars n cents.

 

Sponsorships next time they will define a figure when they sponsor these bloggers now that this is blown out of proportion lo.



#13

Posted 17 March 2016 - 10:58 AM

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In a Channel NewsAsia report, blogger Alvin Lim, who owns alvinology.com and asia361.com, told 938Live that the move might "kill the whole blogging industry". He also pointed out that "Who will go for food tastings now? IRAS also has to be fair to bloggers - most of us are one-man shows with no resources to do these things."

 

Huh. I also 1 man show what. No need to declare income tax?

 

Isn't every salaried worker a "1 man show" as well?


Edited by Kusje, 17 March 2016 - 10:59 AM.

That is all.

#14

Posted 17 March 2016 - 11:03 AM

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Taxman ... you better go check someone making millions in LOVE GIFTS first la before hantam blogger ...

 

macam CASE hantam chicken collude and praise oil cartel ... [thumbsdown]


Edited by Wt_know, 17 March 2016 - 11:04 AM.

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#15

Posted 17 March 2016 - 11:07 AM

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no more sponsor for diaper, milk powder, plastic surgery, travel packages, etc.....  

 

 

 

Reminds me of the famous quote...

You can run, but you can never hide :D

 

You can run (for holiday), but you can never hide (when you are back) :)


Rich: is not about how much you have, but how much you give.

The sky has turned brighter.
There's a glorious rainbow that beckons those with a spirit of adventure and there are rich findings at the end of that rainbow.
Find that rainbow, go ride it.

#16

Posted 17 March 2016 - 11:07 AM

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muz be becos some blorggerl haolian she earn big $$$$$$$$ 


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#17

Posted 17 March 2016 - 11:08 AM

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is MCF praises taxable? muahahahaha

 

hearsay, someone got $100 petrol vouchers .... lol

 

Must declare?

 

Oh no, no more competition and freebies from MCF liao ... :D


Rich: is not about how much you have, but how much you give.

The sky has turned brighter.
There's a glorious rainbow that beckons those with a spirit of adventure and there are rich findings at the end of that rainbow.
Find that rainbow, go ride it.

#18

Posted 17 March 2016 - 11:10 AM

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Ah loong already say no free lunch.


The chosen one will bring balance to the Force...I mean Singapore. Even star wars do not reserve "the chosen one" to a sith lord or a jedi or a wookie.

#19

Posted 17 March 2016 - 11:14 AM

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Wonder how much XiaShue has to pay IRAS .... :slow:

 

 


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#20

Posted 17 March 2016 - 11:17 AM

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Hmmmm............ those MediaCorp artists who get sponsors for their wedding or babies need to declare to IRAS ... :ninja:


"Genius is One Per Cent INSPIRATION, Ninety-nine Per Cent PERSPIRATION"



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