The Singapore government has decided to start taxing bloggers and social media users for incomes they generate.
Several bloggers have reported to have received letters from the Inland Revenue Authority of Singapore (IRAS), requiring them to clarify their income sources, which include products or services received via their websites.
Apparently, the move covers any income obtained from the website, including earnings from the ever popular Adsense, and personal engagements, and covers all social media sites including Instagram, Twitter, Facebook, YouTube and more.
To be taxed, one does not have to work full time as a blogger/social media influencer, or have a standing contract about monetary benefits.
It is further understood that blogs or social media postings with no advertisement are however not taxable.
While the move by IRAS a.k.a the Singaporean government has nothing to do with Malaysia, there is a worry that the trend will catch up with Malaysia, hence the possibility that the Malaysian Inland Revenue Board (MIRB) will also start implementing such move in the future.