This one-day workshop aims to strengthen your understanding of IRAS' regulations and how best to comply with tax obligations when filing employees' earnings so as to avoid unnecessary penalties. At this workshop, we will review critical compliances which companies tend to overlook and the documentation necessary to avoid errors in year-end reporting.
Upon completion of this workshop, you will have a clearer understanding of how to prepare for and complete the different payroll year-end returns, an awareness of the employer's obligations and responsibilities, and how to avoid the penalties.
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Programme Outline
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Year-end Basics
- Responsibilities of Employer
- Timetable for submission of year-end returns
- Penalties for inaccurate or late submission
- Importance of reconciliation of year to date payroll reports
Year-end Returns and other Income Tax Reporting (Overview)
Step by step review of each year-end form including IR8A, A8A, IR8B, IR8S, IR21
- How to complete each form and many valuable tips on year-end procedures
- Avoiding common mistakes made in filing
- Tax Treatment of Benefits in Kind
- Other monetary and non monetary benefits provided/paid by Employers
Computation of Benefits in Kind with Case Studies
- Accommodation
- Air Passage
- Per Diem
- Car-related items
- Stock Options (ESOP/ ESOW)
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Date
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Mon, 28 November 2022
Friday, 09 December 2022
Monday, 09 January 2023
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Course Duration
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1 Full Day; 9.30am – 5.30pm |
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Who Must Attend
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HR Practitioners & Business professionals |
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Fees Per Pax
(Excluding GST)
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S$400 (Classroom Based)
S$300 (Webinar Based)
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CPE Hours
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Applicable
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