Personal Income Tax Filing Season for Year 2016 in Singapore
Time to file your Singapore personal tax return
Singapore’s personal income tax year is from 1 January to 31 December and income is assessed on a preceding year basis. Annual personal tax returns for Year 2016 must be filed with IRAS by 15 April 2017.
In 3E Accounting, we provide one stop solution for your business, including the following:
– Register new tax payers
– Request for extension of deadline for your personal tax
– Prepare Form IR8A/IR21 for employees
– Advise on corporate and personal tax concerns
– AIS submission
– Corporate tax submission and advisory
IR8A Deadline Reminder
The season for personal tax filing is approaching once again and as an employer, you must prepare Form IR8A and Appendix 8A, Appendix 8B or Form IR8S (where applicable) for all your employees including directors (who are employed in Singapore) by 1st Mar each year.
Auto-Inclusion Scheme for Employment Income (“AIS”)
Employers who have 10 or more employees for the entire year ending 31 Dec 2016 or who have received the “Notice to File Employment Income of Employees Electronically” must submit their employees’ income information to IRAS electronically by 1st Mar 2017.
If you participate in the AIS for Employment Income, you do not need to issue Form IR8A to your employees. However you may wish to provide your employees with a separate statement of earnings for their records.
For more information about personal income tax submission, please click: Personal Income Tax.
As a one stop solution accounting firm, we offer services to complete IR8A and AIS for your company employees at affordable rates. Email to us now!
Personal Income Tax Deadline Reminder
We would like to remind all taxpayers, including sole proprietors and partners, to file their income tax returns by 18 April 2017, or to send in their paper returns by 15 April 2017. Please file early to avoid the last-minute rush and late filing penalties.
For Personal Income Tax FAQ, please click: Personal Income Tax.