Document background
An Income Source Letter is essential in Singapore's financial and legal landscape where income verification is frequently required for various transactions. This document provides official confirmation of an individual's income sources, typically including employment earnings, investments, and other regular financial inflows. The letter must comply with Singapore's regulatory framework, including the Income Tax Act and MAS guidelines, and is commonly used for loan applications, housing purchases, immigration processes, and other situations requiring proof of financial capacity. The document's format and content are structured to meet local institutional requirements while providing clear, verifiable income information.
