taxBytes@iras is a quarterly e-newsletter that keeps you up-to-date on the latest tax developments and other revenue matters!
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Issue 16: Apr - Jun 2016 |
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SingPass 2FA for myTax Portal and Easy
From 5 Jul 2016, you will need your SingPass 2FA to log in to myTax Portal and Easy. For security reasons, you will need to key in a One-Time Password (OTP) sent to you via SMS, or generated by your OneKey Token.
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Get ready for mandatory e-Filing of these forms:
1. e-File your withholding tax
Are you engaging non-resident companies or individuals? It is compulsory to e-File your withholding tax forms from 1 Jul 2016.

2. e-File your PIC Cash Payout forms
Are you a sole-proprietor, partnership or company who wants to claim PIC cash payouts? You must e-File your PIC cash payout applications from 1 Aug 2016.

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3. e-File your Corporate Tax Returns
Are you carrying on a trade or business in Singapore? You are required to e-File your Corporate Income Tax Returns (including Estimated Chargeable Income, Form C-S/ C) by:
- YA2018: Companies with turnover > $10 million in YA 2017
- YA2019: Companies with turnover > $1 million in YA 2018
- YA2020: All companies

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Benefits of e-Filing:
- e-File anywhere, anytime
- Instant acknowledgement
- Fast & Free
- Secured filing by authorised persons
- Submit from overseas
- In-built validation checks to minimise errors
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