TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Q: I am a partner of a partnership business, how should I report the income I received from the partnership?

A: The precedent partner is responsible for submitting Form P and issuing Form CP30 to each partner, detailing the partnership income for each partner. You shall use the Form CP30 to declare your partnership income in Form B.