Tax Treatment of Employee Remuneration

General Information

• Tax principle
• List of benefits-in-kind granted administrative concession or exempt from income tax
• Changes to tax treatment of benefits-in-kind with effect from Year of Assessment 2008
• Flexible benefits scheme

Accommodation and Related Benefits

• Accommodation provided to an employee/director
• Furniture and fittings and related benefits
• Serviced apartment
• Hotel
• Housing allowance

Air Passage

• Home leave passage
• Cash payment in-lieu of home leave passage
• Passage provided for business purpose
• Passage provided when taking up employment and upon termination

Awards

• Award for passing exams
• Bursary
• Innovation/ Improvement
• Long service/ retirement
• Recognition of good service
• Recognition of work performance
• Referral
• Zero/ low MC

Benefits relating to Corporate Events

• Food, door gifts and lucky draw prizes
• Dinner and dance held overseas

Benefits relating to Loans

• Interest benefits arising from interest-free or subsidised interest loan
• Interest benefits on loans to company directors
• Waiver of principal sum

Car and Car-related Benefits

• Car provided
• Commercial vehicle provided
• Car park charges
• ERP charges
• Mileage for business usage
• Taxes, repairs and maintenance expenses of employee's own vehicle

Childcare Subsidy

• Subsidy for a child in childcare center
• Subsidy for a child in student care

Central Provident Fund (CPF) Contributions

• Employer's contributions relating to employment in Singapore
• Contributions made from 1 Jan 2004 relating to employment outside Singapore
• Contributions relating to director's fees

Gifts

• Festive occasions
• Special occasions
• Bereavement

Insurance Premium

• Insurance premium
• Group medical insurance
• Group insurance policy
• Travel insurance covering the period of business travel
• Workmen compensation insurance

Lump Sum Payment

• Death gratuities/ Injuries or disability payments/ Workmen compensation
• Gratuity for completing number of years of service
• Payment to induce a person to join the company
• Retrenchment payment to compensate loss of employment
• Retirement benefits
• Payment made to employee for entering into covenant
• Salary in lieu of notice/notice pay

Meal Payments and Food Provided

• Fixed monthly meal allowance
• Working overtime - allowance paid or reimbursement made
• Free or subsidised food and drinks

Medical and Dental Care

• Reimbursement for employees and dependants
• Medical benefit based on gender or age
• Medical insurance
• Transport expenses to see doctor

Other Payments

• Absentee payroll under Skills Redevelopment programme
• Conditional payments made in advance
• Inflation bonus
• Laundry allowance
• Maternity leave benefit
• NSman pay
• Skills Development Levy (SDL)
• Contributions made by employer to employee's Supplementary Retirement Scheme (SRS) account
• Relocation allowance
• Contributions made by employer to any pension/provident fund outside Singapore
• Employment Assistance Payment (EAP)

Overseas Holiday Trips

• Overseas holiday trips
• Holiday reimbursement

Overtime Payments

• Overtime allowance
• Overtime claims

Per Diem

• Per diem allowance (Rates for 2017 now available)
• Per diem reimbursement
• Combination of allowance and reimbursement
• Parking fees at the airport
• Travel insurance premium
• Travel between home and airport
• Payment for warm clothing
• Payment for luggage

Social and Recreational Facilities

• Facilities owned by employer
• Reimbursement for renting chalet
• Corporate passes to places of interest

Staff Discount

• Staff discount offered by employer or its related entities
• Staff discount extended to employee's family members, relatives and friends

Stock Options

• Employee Share Option (ESOP)
• Other forms of Employee Share Ownership (ESOW) Plan

Subscriptions

• Club
• Personal membership to gym/ fitness centre/ sports club/ union
• Handphone/ Internet reimbursement
• Handphone allowance
• Cable for TV
• Professional bodies

Tax Paid by Employer

• Full or part of tax paid by employer
• Fixed sum of tax allowance

Training

• Subsidies for course fees and training fees for staff development
• Scholarship payments
• Subsidy of course fees or scholarship given as reward for service rendered
• Overseas training

Transport

• Fixed monthly allowance
• Expenses for discharging official duties
• Mileage on private cars
• Working overtime
• Shuttle bus
• Taxi trip between home and office
• Travel between home and airport
• Travel between home and business venue
• Trips made by employee between home and external business venues