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Tuesday, March 04, 2008

IRAS Auto-Inclusion Scheme

All Singaporeans are required to submit income tax for year 2007 as long as they receive a IRAS letter with pin number. Filing of income tax starts on 1st March 2008 and ends at 15th April 2008. Before submission, check if your employer is in the Auto-Inclusion Scheme.

The Auto-Inclusion Scheme (AIS) is a scheme where employers transmit details of employees' employment income to IRAS electronically. Information on salary, bonus, tax-deductible donations, CPF contributions etc, are then auto-included in the employees' income tax assessment without them having to declare or claim when filing their income tax returns.

So who are the participating companies?

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