Amendments to Submitted Information

Create a separate file for each basis year for which the arrears payments were made and reflect the amounts under the respective type of payment, e.g. employment income, allowance, etc. Do not include arrears payments in the current year's file.

Example: Director's Fees

The director is entitled to the director's fees on the date the fees are voted and approved at the company's AGM/EGM of that calendar year.

For example, director's fees voted for and approved at a company's AGM/EGM on 30 Jun 2018 should be declared in Form IR8A for the year ended 31 Dec 2018.

If your company held more than one meeting during the calendar year to approve payments of director's fees for the same financial year, enter the date of approval of the latest meeting held.

You must:

1. Submit an amendment file with the same amounts as the original record but with negative signs to negate the earlier submission; and
2. Submit another original file with the correct ID.

Ensure that complete and accurate information is submitted to IRAS.

Example 1: Incorrect Exercise Price

If the exercise price (or market value) was $10.22, but only $8.22 was submitted for the 100 shares exercised.

To amend:

1. Input "-100" shares with the exercise price (or market value) of $8.22 to offset the wrong entry.
2. Input 100 shares with the exercise price of $10.22.

Example 2: Incorrect Date of Exercise

If the error was only on the day and/or month of the date of exercise, you do not have to submit an amendment file. Inform IRAS of the incorrect date and the list of affected employees' myTax Mail .

If the error was on the year of exercise, you have to submit two amendment files. If the date of exercise was 3 Jan 2018, but 3 Jan 2017 was submitted for the 50 shares exercised at $2.33.

To amend:

1. In the first file, input "-50" shares with the exercise price of $2.33 to offset the wrong entry submitted under the YA 2018 (income derived in 2017).
2. In the second file, input 50 shares with the correct exercise date of 3 Jan 2018 to be submitted under the YA 2019 (income derived in 2018).

Example 3: Incorrect Date of Grant

If the date of grant is 3 Jan 2018, but was incorrectly submitted as 3 Jul 2018 for 50 shares exercised at $2.33.

To amend:

1. Input "-50" shares with the exercise price of $2.33 to offset the wrong entry.
2. Input 50 shares with the correct date of grant of 3 Jan 2018.

Example 4: Incorrect Particulars of Company

If the UEN and Name of Company that offered the stock option was given wrongly in the previous submission.

To amend:

1. Enter the same information as per previous submission with negative sign for number of shares under the wrong name and ID of the company.
2. Enter the correct UEN and Name of Company and all the relevant information.

Example 5: Incorrect Type of Plan

If the Type of Plan was ESOP but ESOW was entered for the previous transaction.

To amend:

1. Enter the same information as per previous submission with negative sign for number of shares under the Type of Plan.
2. Enter the correct Type of Plan and all the relevant information.

Example 6: Incorrect Number of Shares

If the number of shares exercised was 200, but 20 shares was entered for the previous submission.

To correct/amend:

Enter the variation of "180" shares. (200 -20 = 180)

If the number of shares exercised was 300, but 340 shares was entered for the previous submission.

To amend:

Enter the variation of "-40" shares. (300 - 340 = -40)