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a. Expenses based on 60% of Driving incomeTo make it easy for you to file your tax return, you can choose to claim tax deduction for expenses based on 60% of your driving income starting from Year of Assessm. nt 2019 (i.e. your income earned in 2018). This amount is deemed to be the sum of all expenses incurred (including taxi rental and. Loss ...
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PHV / Taxi chauffeuring service can only be best profitable in Singapore when you have a partner to share the burden of operating costs. Here we attempt to match hirers to reliefs for this purpose. PHV / Taxi Relief Matching SG
Jun 10, 2021 · It replaced the Special Relief Fund (SRF), which had been providing payouts to drivers affected by COVID-19 since February 2020. [2] Government sets aside additional $27 million for one-off top-up to COVID-19 Driver Relief Fund for taxi and private hire car drivers (21 May 2021).
Jan 5, 2021 · Between January to June 2021, taxi drivers and private hire car (PHC) drivers stand to receive up to $3,150 from a new targeted COVID-19 Driver Relief Fund (CDRF). The CDRF will replace the Special Relief Fund (SRF) for taxi and private hire car drivers to defray their daily costs as it is paid on a per vehicle per month basis.
• You should report your revenue from taxi-driving using the 4-line statement when your revenue is more than $200,000 (more than $100,000 for Year of Assessment 2020 and before) as follows: (1) Revenue: Gross passenger fees and any rental received from relief driver(s) (2) Gross Profit/Loss: Same as Revenue
As the Self-Employed Person Income Relief Scheme (SIRS) will cease from 1 Jan 2021, a more generous COVID-19 Driver Relief Fund (CDRF) will replace the current Special Relief Fund (SRF) for taxi and private hire car (PHC) drivers at the same time, to moderate the impact on drivers.
