This workshop is designed for both employers and their employees. It aims to help participants understand the Singapore income tax rules relating to the taxation of employment income. Emphasis will be placed on helping companies comply with the reporting requirements so as to avoid unnecessary penalties for non-compliance. Practical examples, illustrations and case studies will be used to enable participants to relate and apply to real life tax situations.

Key Topics

• Year of Assessment and Basis Period
• Tax Residency and Personal Relief
• Source of Employment Income
• Double Taxation and Exemption
• Taxation of Different Types of Bonus
• Taxation of Allowances and Benefits-in-kind
• Taxation of Equity Gains
• Taxation of Director’s Remuneration/Fees
• Payment and Refund of Tax
• Employer’s & Employee’s Obligations: Forms IR8A, IR21 & B1
• Special Schemes: Not Ordinarily Resident and Area Representative
• IRAS Enforcement Actions
• Voluntary Disclosure
• Budget 2015 Changes

Who Should Attend

HR, Payroll, Finance and Employee Compensation & Benefits Administration practitioners or anyone interested in gaining knowledge about employment income tax