Mr Heng derived the following Singapore sourced income in the year 2022: (i) (ii) Employment income...

 

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Mr Heng derived the following Singapore sourced income in the year 2022: (i) (ii) Employment income of $60,000 Interest income of $300 from a loan made to a friend (iii) Dividend income of $800 from Wilmar (S) Ltd, a Singapore tax resident company (iv) Net rental income of $20,000 from a property rented out in Singapore The amount of taxable income derived by Mr Heng for the Year of Assessment 2023 is: Mr Heng derived the following Singapore sourced income in the year 2022: (i) (ii) Employment income of $60,000 Interest income of $300 from a loan made to a friend (iii) Dividend income of $800 from Wilmar (S) Ltd, a Singapore tax resident company (iv) Net rental income of $20,000 from a property rented out in Singapore The amount of taxable income derived by Mr Heng for the Year of Assessment 2023 is:

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In Singapore for the Year of Assessment 2023 based on income derived in 202... View the full answer