Anonymous
If I won the 4D or TOTO for $100,000, what are the hidden costs of my winnings?
I always hear that when people win prizes at a lucky draw, they have to pay tax according to what they gained
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Jason Sing
15 Sep 2018
School Of Hard Knocks And Life at School Of Hard Knocks And Life
No tax payable. So no loss. Hidden costs: more people who want to be your friends so that you could give them a treat. Just joking!
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Jay Liu
15 Sep 2018
Accounting and Finance at ACCA
Don't tell anyone shhshh.
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No tax payable to the government. https://www.iras.gov.sg/IRASHome/Individuals/Lo...
Friendship/family tax requested by your friends and family has to be self-managed.
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Kenneth Lou
14 Sep 2018
Co-founder at Seedly
Congrats on your winnings! "If" you really did win. Do drop by our office haha :)
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Hidden cost = winnings - "weekly or monthly investment contribution" since day 1