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:
- Input "-100" shares with the exercise price (or market value) of $8.22 to offset the wrong entry.
- 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 (select
Businesses > Employers > Auto-Inclusion Scheme (AIS)).
If the error was on the year of exercise, you have to submit two amendment files. If the date of exercise was 3 Jan 2020, but 3 Jan 2019 was submitted for the 50 shares exercised at $2.33.
To amend:
- In the first file, input "-50" shares with the exercise price of $2.33 to offset the wrong entry submitted under the YA 2020 (income derived in 2019).
- In the second file, input 50 shares with the correct exercise date of 3 Jan 2020 to be submitted under the YA 2021 (income derived in 2020).
Example 3: Incorrect Date of Grant
If the date of grant is 3 Jan 2020, but was incorrectly submitted as 3 Jul 2020 for 50 shares exercised at $2.33.
To amend:
- Input "-50" shares with the exercise price of $2.33 to offset the wrong entry.
- Input 50 shares with the correct date of grant of 3 Jan 2020.
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:
- Enter the same information as per previous submission with negative sign for number of shares under the wrong name and ID of the company.
- 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:
- Enter the same information as per previous submission with negative sign for number of shares under the Type of Plan.
- 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 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)