NEW!
From the Year of Assessment (YA) 2024, commission-paying intermediaries are required under the law to collect, retain and submit the identification and income information of their commission agents if they receive notice(s) from IRAS informing them to do so.
What you need to do if you receive such notice(s) from IRAS
With effect from YA 2024, commission-paying organisations that receive the following notices from IRAS must comply with the following:
- If your organisation received the “Notice to Collect and Retain Identification Information and Income Information”, the organisation must collect and retain the identification information, as well as the income information of commission agents who are not your employees (including non-individuals) from the effective date stated in the Notice; and
- If your organisation received the “Notice to Submit Identification Information and Income Information”, the organisation must submit the required information to IRAS between 2 Jan and 1 Mar in the specified year.
Check the Commission-Paying Organisation Search to find out if your organisation is registered under the e-Submission of Commission and is required to submit the identification and income information of their commission agents to IRAS for YA 2024.
For EXISTING organisations registered under the e-Submission of Commission
If your organisation submitted commission income information to IRAS in the past, it is likely to already be registered under the e-Submission of Commission, and will receive the abovementioned notices from IRAS. If your organisation receives the “Notice to Submit Identification Information and Income Information”, your organisation is required to submit the information to IRAS for YA 2024 (for income earned in 2023).
For NEW organisations not registered under the e-Submission of Commission
Organisations that are not registered under the e-Submission of Commission will be onboarded from YA 2025 (income earned from 2024 onwards). When your organisation receives the “Notice to Collect and Retain Identification Information and Income Information”, your organisation will be required to register for e-Submission of Commission and provide additional information by completing the registration form by 30 September.
Please note that your organisation is still required to inform us by submitting a new registration form if your organisation makes such payment(s) in the future.
If your organisation made payment to commission agents who are not your employees (including non-individuals) but did not receive any notices from IRAS, you will need to register for e-Submission of Commission by completing the registration form. We will acknowledge your registration via email and send you notices to submit the information electronically to IRAS.
Who to collect, retain and submit information for
Commission-paying intermediaries must collect, retain and submit income information for:
- Commission agents who are not your employees (including non-individuals)
- Overseas commission agents^ who carried out work or has permanent establishment* in Singapore
IRAS will pre-fill the self-employed commission agents’ Income Tax Returns with the submitted information.
* Permanent establishment refers to a fixed place of business through which the business of an enterprise is wholly or partly carried on and normally includes a place of management, a branch, an office, etc.
^ Overseas commission agent may suffer double taxation when the same income is being taxed twice - once in Singapore where the income arises and another time in the overseas tax jurisdiction where the income is received. However, if the overseas agent is a tax resident of a foreign jurisdiction that has concluded an Avoidance of Double Taxation Agreement (DTA) with Singapore, he/ she may be protected from being taxed twice on the same income in Singapore, depending on the provisions of the DTA. You may refer to the IRAS e-Tax Guide on Avoidance of Double Taxation Agreements (DTAs) (PDF, 258KB) to learn more about the DTA.
Learn about e-Submission of Commission
Submit commission income records
The due date to submit the commission income information is 1 Mar every year. Organisations can start submitting from 2 Jan. We strongly encourage you to submit the records early to avoid last minute rush.
For more information on submission and amendment of commission income records, please refer to:
FAQs
For other details on e-Submission of Commission, please refer to our FAQs (PDF, 328KB).