Payroll & HR
Every employer must report employee earnings annually through IR8A, and clear tax before a foreign employee departs through IR21. We prepare and file both on time, with the withholding handled correctly in between.
IR8A is the annual statement of each employee’s earnings, due to IRAS by 1 March. Employers with five or more employees file electronically under the Auto-Inclusion Scheme, and the figures flow straight into employees’ tax assessments, so errors become your staff’s problem at tax time. IR21 is different: it is the tax clearance required when a foreign employee resigns, is posted overseas or leaves Singapore, generally filed at least one month before departure, with the final salary withheld until IRAS confirms clearance. Missing an IR21 makes the employer liable for the employee’s unpaid tax, which is why it deserves respect.
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Employee income information must reach IRAS by 1 March each year. AIS employers submit electronically and the data pre-fills employees’ returns.
Employers with five or more employees, or those IRAS has notified. Smaller employers can join voluntarily, and we generally recommend it.
Generally at least one month before a foreign employee ceases employment or leaves Singapore, with final salary withheld until IRAS issues clearance.
The employer becomes liable for the employee’s outstanding tax. This is the single most expensive payroll mistake we see, and the easiest to prevent.
File immediately: penalties grow with delay. We prepare late submissions and correspond with IRAS on your behalf to contain the damage.
Yes, through Appendix 8A: housing, cars, insurance premiums and similar benefits all carry taxable values that must be computed and reported. We handle the valuations.
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Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
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Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
