Demystifying AIS Submission to IRAS: A Comprehensive Guide by Adaptive Pay Solutions
Key takeaway: According to Section 68(2) of the Income Tax Act, if your company has 5 or more employees, you're required to enrol in the AIS. This also applies to companies with fewer than 5 employees if they've received a ‘Notice to File Employment Income of Employees Electronically’ under AIS. If you have 5 employees and haven't joined the AIS yet, it's recommended that you do so. The AIS allows employers to electronically submit their employees' employment income information to the Inland Revenue Authority of Singapore by March 1 of each year. Understanding AIS AIS aims to simplify tax filings for employees by allowing employers to submit employment income directly to IRAS online. Employees can go to myTaxPortal to check their payslips to see their employment income and auto-included information through the ‘Income, Deductions and Relief Statement’ when they file their individual income tax returns. In this guide, we will share more details about AIS to make su...