Employers to file tax information electronically or else...

Singapore employers must start filing employee tax information electronically or risk fines. This applies to companies with 100 employees or more who will no longer submit paper forms to employees, but will send it directly to the Inland Revenue Authority of Singapore via its Auto-Inclusion Scheme.

This allows the government to pre-print all of the necessary information onto the taxpayers' forms, making it easier for them and preventing entry errors (thus saving taxpayer dollars). This new compulsory filing will benefit up to 850,000 employees and will be required for tax year 2009.

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