Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return...

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Lim Mei Hui/ Lim Chiew Tuck Corporate Tax Division Workshop on e-Filing of Income Tax Return (Form C) August/ September 2015 Twitter.com/IRAS_SG Facebook.com/irassg www.iras.gov.sg

Transcript of Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return...

Page 1: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

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Lim Mei Hui/ Lim Chiew Tuck Corporate Tax Division

Workshop on e-Filing of Income Tax Return

(Form C)

August/ September 2015

Twitter.com/IRAS_SG Facebook.com/irassg www.iras.gov.sg

Page 2: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

2 © 2015 Inland Revenue Authority of Singapore. All Rights Reserved.

Programme Background on e-Filing of Income Tax Return (Form C-S/ C)

How to e-File Form C and supporting documents

Tips on e-Filing of Form C

References on e-Filing of Form C-S/ C

Demonstration on Form C e-Filing

Page 3: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

3 © 2015 Inland Revenue Authority of Singapore. All Rights Reserved.

Background on e-Filing of Income Tax Return (Form C-S/ C)

IRAS introduced e-Filing of Form C-S in 2012 for companies with revenue ≤ S$1 million and amongst other conditions

Page 4: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

4 © 2015 Inland Revenue Authority of Singapore. All Rights Reserved.

Background on e-Filing of Income Tax Return (Form C-S/ C)

From 2015, e-Filing is extended to all companies, allowing companies with revenue > S$1 million to enjoy benefits of e-Filing

Full suite of e-Services for companies available now

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How to e-File Form C and supporting documents

Online Form C

Form C (Upload)

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Document Submission

How to e-File Form C and supporting documents

Filed full set of financial accounts with ACRA in XBRL format – Filing status under “Audited/ Unaudited Accounts” will be reflected as RECEIVED (ACRA)

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7 © 2015 Inland Revenue Authority of Singapore. All Rights Reserved.

Tips on e-Filing of Form C Before e-File Form C

1. Ensure that you have been duly authorised by the company as a “Preparer” or "Approver" for "Corporate Tax Matters" via the e-Services Authorisation System (EASY) If company does not have Access Code or existing code is no longer

valid, request a new one by downloading the application form, complete and submit the form to IRAS via fax or email. IRAS will send the new Access Code to company within 4 working days.

Page 8: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

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Tips on e-Filing of Form C 2. Ensure that you have the company's tax reference

number and your personal SingPass or IRAS PIN 3. Set aside at least 30 minutes to complete the electronic

tax return 4. Get ready the documents in softcopy which you need for

submission to IRAS

If you e-File Form C (Upload) 5. Download and install Adobe Reader XI (i.e. Version 11) or

higher http://get.adobe.com/reader/otherversions/ 6. Uncheck the security setting of Adobe Reader if you are

unable to open the Form C (Upload) after installing the Adobe Reader XI or higher. Refer to FAQ 41 for instructions

Page 9: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

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References on e-Filing of Form C-S/ C Types of Self-Help Direct Path

Form C (both online and upload) • Tips on e-Filing Form C • Brochure on e-Filing Form C • FAQs on e-Filing of Form C Online Form C • User Guide for Company on e-Filing Form C • User Guide for Tax Agent on e-Filing Form C • Form C Interactive e-Filing Guides (prototypes)

o e-Filing Form C for Companies o e-Filing Form C for Tax Agents in Preparer Role o e-Filing Form C for Tax Agents in Approver Role

Form C (Upload) • User Guide for Company on e-Filing Form C

(Upload) • User Guide for Tax Agent on e-Filing Form C

(Upload)

Home > Businesses > Companies > Filing Taxes (Form C-S/ C) > Guidance on Completing Form C-S/ C

Page 10: Workshop on e-Filing of Income Tax Return (Form C) · Background on e-Filing of Income Tax Return (Form C-S/ C) How to e-File Form C and supporting documents Tips on e-Filing of Form

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References on e-Filing of Form C-S/ C Types of Self-Help Direct Path Form C-S • 'e-Filing of Form C-S' e-Learning Guide • Tips on e-Filing Form C-S • Brochure on e-Filing of Form C-S • FAQs on e-Filing of Form C-S • User Guide for Company on e-Filing Form C-S • User Guide for Tax Agent on e-Filing Form C-S • Form C-S Interactive e-Filing Guides (prototypes)

o e-Filing Form C-S for Companies o e-Filing Form C-S for Tax Agents in Preparer

Role o e-Filing Form C-S for Tax Agents in Approver

Role

Home > Businesses > Companies > Filing Taxes (Form C-S/ C) > Guidance on Completing Form C-S/ C

Problems with e-Filing? Call 6351 2800 (valid till 20 Dec 2015)

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Demonstration on Form C e-Filing

1. Online Form C (Online Mode)

2. Form C (Upload) (Offline Mode)

3. Document Submission

4. Hands-on familiarisation with online Form C prototype and Form C (Upload) PDF file

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The information presented in the slides aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. This information is correct as at 12 Aug 2015. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.

Thank You