Tax Treatment of Employee Remuneration

Generally, all gains and profits derived by an employee in respect of his employment are taxable, unless they are specifically exempt from income tax or are covered by an existing administrative concession.

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

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