Do I submit the income information of taxable employees only?
You are required to prepare and submit the employment income information for all employees regardless of the income amount.
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You are required to prepare and submit the employment income information for all employees regardless of the income amount.
You can refer to MUIS (Majlis Ugama Islam, Singapura) for information on segregation.
You should report only the amount of tax-deductible donations that have been deducted from your employee’s salary.
You should include all employees who had worked in the organisation regardless the length of employment.
You are required to include these foreign employees' employment income information in the submission.
Please update your records with their Foreign Identification Number (FIN) before submitting to IRAS. All foreign employees have a FIN issued by Ministry of Manpower (MOM) or Immigration and Checkpoint Authority (ICA).
You can declare the exempt income under "Remission / Overseas Posting / Exempt” and select the most appropriate exemption reason on the Form IR8A.
You need to report the foreign stock option gains in Singapore currency for Form IR8A and Appendix 8B.
For the conversion, you should use the actual exchange rate as of the date the employee exercised the stock option.
If you do not have the exchange rate on the date of exercise, you may use your organisation's in-house exchange rate for conversion purpose.
If your organisation does not have any in-house exchange rate, you may use the exchange rates published by local banks, locally circulated newspapers and reputable news agencies.
You may use any of the sources of exchange rates listed above. Ensure that you: