Thursday, July 16, 2009

It’s Tax Season Time

Well ladies and gentleman, it's time to file your Income Tax Return before the deadline . You are required to send in your tax return if you have received an IRAS notice regardless of your income.

Big TaxI have just e-filed my B1 form today. I have been anticipating this since two weeks back when IRAS announced the availability of e-filing. Apparently, our company already transmitted the employees' remuneration details and deductions (e.g. CPF contributions and donations) to the Inland Revenue Authority of Singapore ("IRAS") electronically. However the data is still in pending queue and will not be viewable from IRAS.

If your is employer is participating in the Auto-Inclusion Scheme, you can still proceed with individual filing without seeing the income data.

According to IRAS "Employees who proceed to e-file (without seeing their employment income details) have to select "option 2" and to tick the box in Section A. "Tick the box if your employer is  participating in the Auto-Inclusion Scheme for Employment Income and details are not known in the Income, Deduction and Reliefs Statement".

How to find out if your company is in the Auto-Inclusion Scheme? That question has been anticipated and you can find it here - “List of Employers Filing Employment Income Electronically From the Year of Assessment 2009”.

IRAS is providing a free SMS service to allow you to check whether your tax filing has been received by IRAS. You can do this 2-3 days after your successful filing.

Simply key in “filetax<space>NRIC/FIN Number” and send your SMS to 9116 4900. They will respond to you by SMS.

[e.g. filetax S1234567A]

For those who are filing their ITR for the first, these information may be able to help you understand the process:

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