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 Sole propreitorship income tax

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post Nov 18 2025, 06:02 PM

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QUOTE(Y_vonne @ Nov 18 2025, 05:36 PM)
Hi so im employed and working under a company all the while and has been declarring my income tax via form BE.
This year 2025, i decided to try out dropshipping and it required me to set up a business registration, so i set up a sole prop under my name. However, i have not made any sales so far from it.
In this case, for 2025 income tax which i will have to submit in 2026, how do i go about for this situation? Do i declare it under BE or form B?
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Better to seek advice from income tax department. There are other things to consider such as depreciating assets, etc other than your income. They might find it suspicious why u only declare form BE when u have a company and flag u.
Even if u have no income from your sole prop, u can just declare it as 0. Then the combined income u can just put salary income.

 

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