Income tax and Businesss tax assessment document requirement for study permit

[ConfusedManOFWonders]

My parents own a business but they never paid themself any set amount of salary so they never had to pay any income tax. My question is that do i still have to provide documents for their income tax or would business tax assessment be enough?

- asking from Malaysia

 

[Naturgrl]

Business income, only personal income, is used for proof of income. So what is purpose of business tax assessment? How old are you?

 

[ConfusedManOFWonders]

So what is purpose of business tax assessment? How old are you?

According to the Singapore visa office instructions document (which is also used for Malaysia), for the evidence of my parents' income or employment i would need the income tax for the past two years on my parents names but they also mentioned that if either of them own a business they would need to submit a business tax assessment for the past two years. Since they are not employed under anyone, i dont think i need to submit their income tax. So i am confused on which one i need? And I am 19.

 

[Naturgrl]

According to the Singapore visa office instructions document (which is also used for Malaysia), for the evidence of my parents' income or employment i would need the income tax for the past two years on my parents names but they also mentioned that if either of them own a business they would need to submit a business tax assessment for the past two years. Since they are not employed under anyone, i dont think i need to submit their income tax. So i am confused on which one i need? And I am 19.

Follow the instructions guide - notarized copy, 2 years tax assessment, audited financial statements.

 

[ConfusedManOFWonders]

Follow the instructions guide - notarized copy, 2 years tax assessment, audited financial statements.

Alright, thanks!!!

 

[Naturgrl]

Good luck. What school and program are you applying to?

 

[ConfusedManOFWonders]

Good luck. What school and program are you applying to?

I am going to Univeristy of Calgary for Bachelor of Science in Engineering

 

[Han.nah]

According to the Singapore visa office instructions document (which is also used for Malaysia), for the evidence of my parents' income or employment i would need the income tax for the past two years on my parents names but they also mentioned that if either of them own a business they would need to submit a business tax assessment for the past two years. Since they are not employed under anyone, i dont think i need to submit their income tax. So i am confused on which one i need? And I am 19.

In this case, the Company's audited financial statement is needed. The Statement show the after-tax income. So, remember to enclose evidence of tax payment as well. Or, if your parents' Company got lost, no income tax paid, meaning there is no income to cover your study. One year's loss can be accepted if the Company was established some years ago and the previous years's benefit overcover the loss year...or something like that