Keeping up with tax updates and guidance is vital in ensuring tax compliance and the accurate reporting of employees’ employment income. What are some tax treatment and common reporting errors to avoid, and what are employers’ tax obligations when an employee ceases employment or departs from Singapore? What are the COVID-19 tax measures in place for employees who are affected by the pandemic?
Get your queries answered in this webinar jointly organised with the Inland Revenue Authority of Singapore! Hear directly from the tax authority’s officers, seize the opportunity to gain greater clarity on an array of pertinent individual tax issues and combat your uncertainties to get ready for the tax peak season ahead.
1. Understand the common reporting errors by Employers under Auto-Inclusion Scheme (AIS)
- Tax reporting obligations of employers and assurance reviews
- Common reporting errors, root causes and points to note
- Case studies
- Penalties and IRAS’ Voluntary Disclosure Programme
2. Key areas to note on tax clearance process for foreign employees
- What is Tax Clearance
- Scenarios where Tax Clearance is not required
- e-Filing of IR21
- Points to note when Filing IR21
- Retrenchment Benefits
- Deemed Exercise Rule for stock options
3. Covid-19 Tax Measures
- Overseas-based employees working remotely from Singapore due to COVID-19
- Singapore-based employees working remotely overseas due to COVID-19
- Case studies
Ms Chia Sook KuenSenior Manager, Individual Income Tax Division
Inland Revenue Authority of Singapore
As an Accredited Tax Specialist, Sook Kuen advises on a spectrum of individual income tax matters. Prior to leading a team of officers in the tax assessment of foreigners, she was involved in the issuance of advanced rulings to provide greater tax certainty to taxpayers.
Ms Hilda ChangPrincipal Tax Auditor, Individual Income Tax Division
Inland Revenue Authority of Singapore
Hilda reviews the tax reporting of employment income to ensure the accuracy and completeness of information submitted to IRAS. She also actively engages and educates individuals on their tax obligations through webinars and the media.