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Singapore Notes Benefits of Pre-Filled Tax Returns for Employees and Related Compliance Obligations for Employers

12 February 2025

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Approved Changes

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Singapore

The Inland Revenue Authority of Singapore has issued a release on the benefits of pre-filled tax returns for employees and the related compliance obligations for employers. --- Over 2 Million Employees to Benefit from Pre-filled Tax Returns; 120,000 AIS Employers to Submit Employees' Employment Income Data by 1 Mar to Avoid Penalties 11,000 employers missed AIS deadline in 2024, leading to inaccurate and/or delayed tax assessments for 140,000 employees Over 2 million employees (9 in 10 employees) whose employers are on the Auto-Inclusion Scheme (AIS) will benefit from the convenience of pre-filled tax returns, No-Filing Service (NFS) or Direct Notice...