About this Course

1) Understanding employer's obligations Filing of Form IR8A and IRAS Auto Inclusion Scheme Filing of Form IR21 Penalty for filing incorrect tax returns Prosecution case on filing incorrect tax returns 2) Calculating housing benefit 3) Calculating per diem allowances 4) Completing Form IR8A With only salary, bonus and allowances With benefits-in-kind (Appendix 8A), excluding housing, hotel and car benefits With benefits-in-kind (Appendix 8A), including housing, hotel and car benefits With lump sum / retrenchment payment With tax-on-tax indicator With items to be excluded from Form IR8A and Appendix 8A because of tax exemption on concessionary basis With equity gains (Appendix 8B) 5) Understanding simple tax computation 6) Understanding the income to be reported in relation to employees who are seconded overseas during the relevant year 7) Worksheets/Exercises: completing Form IR8A, Appendix 8A and Appendix 8B 8) Update on latest Form IR21 9) Understanding deemed exercise gains of stock options and shares in relation to filing Form IR21 10) Alternative to deemed exercise gains: Tracking option 11) Understanding the similarities and differences between Forms IR21 and IR8A 12) Completing Form IR21 with salary, bonus, allowances, housing and other benefits-in-kind as well as actual & deemed equity gains 13) Worksheets/Exercises: completing Form IR21, Appendix 1 and Appendix 2 14) Completing Form IR8S

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