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.
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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 1…