The Inland Revenue Authority of Singapore (IRAS) has issued notice on the requirement for employers to submit data on the income of employees and the penalties for failing to submit. The requirements apply to employers who are already on the Auto-Inclusion Scheme (AIS), or have 5 employees or more in 2023. AIS is a tax scheme administered by the IRAS, where employers can submit employment income records of their employees electronically. The IRAS then automatically includes this information …