What Is IR8A? – The Reporting of Employees Earnings
IR8A in Singapore refers to the reporting of employees earnings under IR8A, Appendix 8A, Appendix 8B and the IR8S.
All employers in Singapore are lawfully required under S68(2) of the Income Tax Act to prepare Form IR8A, along with Appendix 8A, Appendix 8B or Form IR8S where applicable for all Singapore-based employees. This must be done by 1 March annually and employers will be responsible for submitting these forms to the Inland Revenue Authority of Singapore (IRAS).
About Form IR8A for 2019
It is mandatory for all Singapore employees to complete form IR8A. This is applicable to all full-time and part-time resident employees, non-resident employees, company directors, non-resident company directors, all board members receiving board member or committee member fees, pensioners and employees who have left an organisation but are in receipt of income in 2018.
For those employees posted overseas not incidental to Singapore employment, it is not mandatory for employers to stipulate the amount of overseas employment income received in Form IR8A. Any employer who is participating in Auto-Inclusion Scheme (AIS) will be required to only select the ‘Income from Overseas Employment’ under the Exempt/Remission Income Indicator.
About Appendix 8A for 2019
If you are an employee in Singapore who receives benefits in kind, you must complete this form.
About Appendix 8B for 2019
If you are an employee in Singapore who has derived gains or profits from Employee Stock Options (ESOP) Plans, you will be required to complete this form. This is applicable if you have other forms of Employee Share Ownership (ESOW) Plans as well.
About Form IR8S for 2019
If you are an employer who has made excess CPF contributions to your employees’ wages, and/or claimed or will be claiming a full refund on the excess of the contributions you paid, you will be required to complete this form.
How to Submit Form IR8A
For employers who are specified under the Government Gazette, you will be required to submit the income information of your employees electronically to IRAS by 1 March annually. This is applicable if you fall under the AIS for employment income. All information which is submitted by the employers will be displayed on the employees’ electronic tax returns and automatically included in their income tax assessments. AIS employers will require a hardcopy of form IR8A.
Employers who are not under the AIS for employment income on the other hand, will be required to provide a hardcopy of Form IR8A and applicable appendices to their employees by 1 March annually for the filing of their income tax returns. Employers will not be required to submit these forms to IRAS.