Singapore legislation
Regulation 7
of Central Provident Fund (Contribute As You Earn Scheme) Regulations 2019
Regulation 7
Estimated annual expenses
In these Regulations, a self‑employed person’s estimated annual expenses for a relevant year are —
where the self‑employed person has notified the Board of the estimated amount of his or her annual expenses for the relevant year (whether nil or otherwise) using the electronic service mentioned in regulation 5 or in any other manner determined by the Board — the estimated amount of annual expenses so notified;
where paragraph (a) does not apply — the self‑employed person’s annual expenses for the proxy year determined as follows:
where there is a notice of assessment stating the self‑employed person’s assessable income for the proxy year — the self‑employed person’s annual expenses for the proxy year that were used to compute that assessable income;
where there is no notice of assessment as mentioned in sub‑paragraph (i) and the self‑employed person has declared his or her annual expenses for the proxy year in the form and manner required by the Board — the self‑employed person’s annual expenses for the proxy year so declared; or
where paragraph (a) does not apply and there is neither a notice of assessment nor a declaration of annual expenses mentioned in paragraph (b)(i) and (ii) for the proxy year — nil.