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EVENTS & SERVICES SBF Events Other Events Business Missions SBF Resources SBF Services Home > Events & Services > SBF Events SBF Events Back Briefing on Tax Treatment of Benefits-in-Kind and Other Employment Income Date : 16 Nov 2011, Wed Time : 3 - 5pm (Registration starts at 2.30pm) Venue : Rock Auditorium, (Beside Eng Wah Cinema / Above Carrefour) (3 Temasek Boulevard, #03-063/065, Suntec City Mall, Tower 4) Fee per pax : SBF Members - FREE Non Members - S$107.00 SBF and SNEF are pleased to jointly organise the Briefing on Tax Treatment of Benefits-in-Kind and Other Employment Income. All benefits provided by employers which give rise to personal advantage to the employees are taxable under the law. This is regardless of whether it is specified in the employment contract, in consideration for performance or work-related. While all benefits are taxable, the Inland Revenue Authority of Singapore (IRAS) recognises that employers may find it difficult to allocate and assign some benefits to specific employees, especially where the benefits are not substantial in value. Hence, IRAS grants administrative concessions to exempt some benefits from tax, based on some general criteria such as whether the benefits are generally available to all staff, necessary for corporate identity, etc. We have invited officers from IRAS to provide our members a better understanding of the tax on employment benefits and the common reporting errors made by employers. Hence, all members are urged to attend this important briefing! Programme Time Details 2.30pm Registration 3.00pm Presentation on Tax Treatment and Benefits-In-Kind An overview of the treatment of benefits-in-kind Benefits-in-kind that exempted from tax or granted administrative concession By Ms. Chua Siew Lay, Tax Specialist (Individual Tax Division), IRAS 3.30pm Presentation on Common Reporting Errors and Tax Treatment An overview of ESOP/ESOW treatment including Equity Remuneration Incentive Scheme      (ERIS) Common errors relating to CPF capping issues and in ESOP/ESOW reporting Other common reporting errors such as foreigner remuneration and payment for exit      scheme Points to note in preparing Appendix 8B, IR8A and Appendix 8S Voluntary Disclosure Program By Mr Andy Choo, Assistant Manager (Individual Income Division), IRAS 4.00pm Question & Answer Session 5.00pm End Programme is correct at time of print Administrative Details Please email/fax this registration form to reserve a seat. Each company may send up to TWO participants due to limited capacity. Registration is on a first-come first-served basis. Pls note No cancellation upon registration, but replacement attendance from your company is allowed. Confirmation of your registration will be emailed to your company. Ref No: MBER 204/161111/10W REGISTRATION FORM - Attn: MR Dept Fax: 67340610 / 68276801 Closing date: 14 Nov 2011 NOTE : As a precautionary measure, our advice is for members who are unwell not to attend the session. Registration Download the fax form for registration back to top TERMS & CONDITIONS | UNSUBSCRIBE | SITE MAP © 2008 - 2010 Singapore Business Federation. All Rights Reserved.