I finally received my 1st Adsense cheque from Google. Although the sum, which is around $100 USD is not a lot, it will go a long way in defraying the cost of running this site. Besides, the main motivation for blogging is not to monetize my blog but it is to use this site as a platform to post my views on financial matters and basically anything that involves money. Google Adsense is a online advertising program and all you have to do is simply display the adversitements on your site to earn advertising revenue. The advertisements can be seen at the right hand side of this site.
Banking this cheque was a headache though. This is because the bank I went to, which is UOB, charges a minimum of $10 SGD or 0.125% of the amount I wish to bank in and there may be other transcation cost for processing on the other side. To add on to this, I will need to state the source of this fund and explain why Google is giving me this cheque. And that's not all. I will have to wait around 3 to 4 weeks for the cash to be deposited in this account. The next time, I guess I will wait for my advertising revenue from Adsense to reach perhaps $1000 before I get them to send me a cheque but that means I will have to wait a very long time.
12 comments
congrats... hahas
Thanks. I hope there will be more to come.
Kay
Actually our cheque was quite a breeze, cleared like a normal cheque within 2 days....no questions asked.
Our cheque was in SGD and we posted it with DBS. No charges incurred at all.
Hi SGDividends,
Thanks for the tip. I realized I should have checked my Adsense account more clearly. After looking at your comment, I went to see my Adsense account and there is actually an option for Google to send the cheque to me in SGD. I guess I should have no more problem with this issue anymore. Thanks once again.
Kay
congratulations!
I'm new here in Singapore and I'd like to ask if adsense payments are taxable?
On my 10months here, I've been receiving US$300 in average per month generated from a number of my sites.
I hope it's not, lah!
Hi kwatog,
Welcome to Singapore ! Unfortunately, I'm not sure if adsense payouts are taxable. You might want to contact the Inland Revenue Authority of Singapore regarding this. Well, I also hope that adsense payouts are not taxable too.
Hi. After reading through the IRAS website
http://www.iras.gov.sg/irasHome/page03_ektid154.aspx
Income received from outside Singapore is not taxable. haha. so that explains why we do not have to declare our adsense income under personal income tax.
Hi,
That's nice to know of. Thanks for the information.
Kay
Hey Kay,
Are you sure Adsense income is not taxable in Singapore? I also have some income in 2009 through adsense and other affiliate accounts, and I'm not sure whether it's taxable here.
I called IRAS and the person wasn't sure. He checked with his colleague and said it's NOT taxable. But, I don't really trust him as he didn't sound so confident.
I also checked the IRAS website and it says overseas income is not taxable, but there are some clauses to it.
Are you declaring (or have declared the Adsense income) for YA 2010?
Thanks for your help.
-DFB
Hi DFB,
If you are worried, you can email IRAS and get them to reply you so that there is something in print that says that advertising income received from overseas is not taxable. I have not file my tax yet.
Kay
Hi,
can i just drop the cheque into cheque box? Will it be a problem or must I cash it in myself?
Hi,
You can just drop the cheque into the cheque box. It should not be a problem. I've been doing this for a long time.
Kay
Post a Comment