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Blogging now taxable for non-monetary benefits like sponsored products

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Ah, bloggers. There are the great ones who garner huge followings, and then there are those who strive to grab as many freebies as they can. Well, these 'freebies' now come at a price.

Yesterday, several bloggers were taken aback by an Inland Revenue Authority of Singapore letter notifying them that all non-monetary benefits have to be declared as part of their annual Income Tax Return, reported Channel NewsAsia. Basically, that includes any sponsored products or services they receive. 


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