Should Grab & Uber Drivers Be Taxed On Their Income
This has been a hot topic this week since The Sunday Times came out with the article last Sunday that IRAS will be working with Grab & Uber to link the applications to IRAS in order to simplify the drivers’ need to input the gross fares less the call levy charged by Grab & Uber. Personally, I felt that the article had failed to address that, like taxi drivers who rent their vehicles from the taxi companies, most of the drivers had rented their vehicles from car rental companies. The rental is a deductible expense to the driver. The petrol used is also a tax deductible expense. The driver can also claim parking of the car, ERP charges incurred when the car is not ferrying any passengers and car wash expenses. The concept should be as the same for taxi drivers. For those drivers that use their own car, they can claim the commercial insurance for the car. A car for personal use only has personal car insurance, but commercial cars are allowed to ferry passengers. This should not be...