What Is IR8A?
It is referring to the reporting of employees’ income under IR8A, Appendix 8A, Appendix 8B and the IR8S.
All employers in Singapore are legally needed 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 accountable for submitting these forms to the Inland Revenue Authority of Singapore (IRAS).
About Form IR8A for 2019
It is compulsory for all Singapore employees to complete form IR8A. This is applicable to all part-time as well as permanent resident workers, non-resident employees, company directors, non-resident company directors, all board members, receiving board member or committee member fees, pensioners and workers that have actually left an organization but are in receipt of income in 2018.
For those employees posted overseas not subordinate to Singapore work, it is not compulsory for companies to specify the amount of overseas work income received in Form IR8A. Any employer that is taking part in Auto-Inclusion Scheme (AIS) will be called for 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.