June 28, 2009
Singapore ACRA – Online Sales Is A Business
I always say treat blogging and online sales as a serious online business that may earn you money. But how true is my statement and is it really a business? Let me show you the proof. Take a look at the screenshot below, they give the answer for the following 3 questions:
- If I am doing online sales via my personal blog, do I need to register a business with ACRA?
- If I am selling things on ebay, do I need to register a business with ACRA?
- If I am selling things via my personal website, do I need to register the activity as a business with ACRA?
This screenshot is taken from ACRA website (Accounting and Corporate Regulatory Authority Singapore)
The answer from ACRA Singapore for the above 3 questions is:
- Any activity that is carried out on a continuity basis for the purpose of gain is required to be registered with ACRA.
I hope by now you have a clearer picture about Online Business and I believe only when you have the business mindset, your Online Business will eventually grow well. 
Filed under Getting Started, My Sharing, Work At Home Mom by Moon Loh
Comments on Singapore ACRA – Online Sales Is A Business »
Thanks for the information. I guess I should start collating my expenses as well for my tax position. Sure takes the fun out of it.
Thanks Moon for sharing this with fellow Singaporeans.
Hey Moon,
Thanks for the info. Was surprised to hear that. It’s helpful though.
Regards,
Portia
Hi All,
Yeah, the info is useful for me, so I think to share with others. Also it encourages people to have the business mindset when doing online sales. Hehe..
Sharing Of Internet Business and Internet Marketing at SCCIOB | mompreneurasia.com @ 9:11 pm
[...] about internet business is a serious business. Read my previous post – Singapore ACRA – Online Sales Is A Business. Examples of Affiliate Products and Programs. Notice that some members are taking notes. [...]