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RE: Oct 15 final 2017 tax deadline: Share your tax horror story with BlockTrades

in #blocktrades6 years ago

It's the same for Singapore. Most people are allowed not to submit if it's just salary which the employer has provided the information to tax authorities. Salaried people need to submit only when they change status like getting married or have a baby and tax relieve given are different as a result. Then the authorities just tax the new information and assumed same the year after.

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That is much simpler than in the US. Even if you just earn a salary, you have to file your own tax forms and you have to do it every year.

I think it make sense for them to simplify the process and not need so much manual processes to go after the many small fishes but focus on the bigger ones. :-)

Yep, I agree. The US tax system wastes far too much human labor being calculated, it's terribly inefficient.