e-filing of section 45 withholding tax forms - iras · submit for approval (if you are the ... xxx:...
TRANSCRIPT
E-Filing of Withholding Tax Forms
Agenda
• Find out the Benefits of e-filing
• Learn to e-file
• Discover Other useful e-Services to manage your submission:
a. View Submitted Forms
b. View GIRO deduction details
c. View Certificate of Residence (COR) Filing Status
• Frequently Asked Questions
• Q&A
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Benefits of e-filing
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Benefits of e-filing
- You can file your tax online anytime
- Your filing is secured and will be received
- You will be informed of errors in your filing
- You will know the exact tax and penalty (if any) to pay
- You can cut down on your paperwork
- You have better internal control as submission is done by authorised personnel only
How to e-file
S45 Withholding Tax e-Filing
Logon to MyTax
Portal
Select Withholding Tax
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Complete Withholding Tax Form
Submit for Approval(if you are the Preparer)
Approver to logon to MyTaxPortal for approving
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Save a PDF copy of Consolidated Statement
Submit to IRAS
Save a PDF copy of Acknowledgement page
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Complete your
e-Filing in
8 Easy Steps
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Pre-requisites for Using S45 Withholding Tax e-Services
E-Services Authorization System (EASY)
• EASY is an online system that allows organizations to authorize their employees or a third party
to access e-Services on their behalf.
https://mytax.iras.gov.sg/easy
Logging in and Accessing S45 e-Services via myTax
Portal
Logging in and Accessing S45 e-Services via myTax
Portal
These options will only be shown for
an Approver.
Logging in and Accessing S45 e-Services via myTax
Portal
Filing New Withholding Tax Form
Filing New Withholding Tax Form
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Filing New Withholding Tax Form – Main Form
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Filing New Withholding Tax Form – Main Form
Filing New Withholding Tax Form – Consolidated
Statement (Preparer Role)
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Filing New Withholding Tax Form – Consolidated
Statement (Preparer Role)
Filing New Withholding Tax Form –Acknowledgement Page (Preparer Role)
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Approving Withholding Tax Form (Approver Role)
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Approving Withholding Tax Form (Approver Role)
Approving Withholding Tax Form (Approver Role)
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Approving Withholding Tax Form (Approver Role)
Approving Withholding Tax Form (Approver Role)
Approving Withholding Tax Form – Consolidated Statement (Approver Role)
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Approving Withholding Tax Form – Consolidated Statement (Approver Role)
Approving Withholding Tax Form –Acknowledgement Page (Approver Role)
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Approving Withholding Tax Form –Acknowledgement Page (Approver Role)
Note:
• Penalties will be imposed and deducted via
GIRO with tax amount payable if filing is
submitted after the due date, highlighted in
black box.
•Please ensure there are sufficient funds in
your bank account by the GIRO deduction date,
highlighted in black box.
•No online amendments are allowed once the
form has been submitted. You will have to
write in via myTax mail with supporting
document(s) (except for declaration of
additional tax which can be e-filed).
• All amendments will only be done after the
GIRO deduction.
• Refunds, if any, will be made through your
GIRO account.
Approving multiple submission (Approver Role)
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Approving multiple submission (Approver Role)
Approving multiple submission (Approver Role)
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Approving multiple submission – Main Form (Approver Role)
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Approving multiple submission – Main Form (Approver Role)
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Approving multiple submission – Consolidated Statement (Approver Role)
Approving multiple submission – Consolidated Statement (Approver Role)
Submitting multiple submission (Approver Role)
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Submitting multiple submission (Approver Role)
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Submitting multiple submission (Approver Role)
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Submitting multiple submission (Approver Role)
Submitting multiple submission –Acknowledgement Page (Approver Role)
Note:
•Date and Time of
Acknowledgement is as
based on IRAS’s server
timing.
•Penalties will be imposed
and deducted via GIRO with
tax amount payable if filing
is submitted after the due
date, highlighted in black
box.
•Please ensure there are
sufficient funds in your bank
account by the GIRO
deduction date, highlighted
in black box.
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Submitting multiple submission –Acknowledgement Page (Approver Role)
Note:
•No online amendments are
allowed once the form has
been submitted. You will
have to write in via myTax
mail with supporting
document(s) (except for
declaration of additional tax
which can be e-filed).
• All amendments will only
be done after the GIRO
deduction.
• Refunds, if any, will be
made through your GIRO
account.
Retrieving of Draft Return for Editing before
submission for approval or submission to IRAS
Retrieving of Draft Return for Editing before
submission for approval or submission to IRAS
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Note:
•Draft copy of the Section 45
Form will be saved in the
system for 60 days. After
which, it will be deleted.
• Saving the record(s) as a
draft is not considered as a
submission of the Form.
• Please remember to
submit the Form before the
filing deadline.
•Counter will reset to
another 60 days if you click
on <Save Draft> after
retrieval of the draft
record(s)
View Submitted Forms
Applicable: When you e-file and wish
to check the submission
status of the records
Viewing Submitted Forms
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Viewing Submitted Forms
Viewing Submitted Forms
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Viewing Submitted Forms
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Viewing Submitted Forms
Submission Status Definition
Status Definition
Submitted File has been received by IRAS
In Progress File is being processed
Processed File has been processed. If your Withholding Tax is not under GIRO,
please make payment by the due date.
If your Withholding Tax is under GIRO, you may view the plan in ‘View
GIRO Deduction Details’ screen.
Error File contains Invalid data
View Withholding Tax GIRO Deduction
DetailsApplicable: When you wish to obtain more information on the
details of GIRO deduction and its status
Viewing S45 Withholding Tax GIRO Deduction
Details
Viewing S45 Withholding Tax GIRO Deduction
Details
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Viewing S45 Withholding Tax GIRO Deduction
Details
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View Active Deduction Plan – Transaction(s) Information
View Active Deduction Plan – Payee’s Information
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Note:
• The
maximum no.
of Payee’s
Information
that can be
retrieved is
250.
Viewing S45 Withholding Tax GIRO Deduction
Details
Viewing S45 Withholding Tax GIRO Deduction
DetailsGIRO Deduction Date
1. The GIRO deduction date is on the 25th of the month of the tax is due. But if it is a weekend
or public holiday, it will be deducted on the next working day.
2. For Payers who have filed after the due date (16th of the month to 15 of the following
month), deduction will be on the next deduction date .
See examples below.
S/N Date of
Payment to
Payee
Due Date Filing /
Submission
Date
Tax
Deducted
Penalties
Imposed
Date of
Deduction
1. 14 Jan 2017 15 Mar 2017 14 Mar 2017 $1,000 $0.00 25 Mar 2017
2. 31 May 2017 15 Jul 2017 16 Jul 2017 $1,000 $50.00 (5% x Tax Deducted)
25 Aug 2017
3. 05 Sep 2017 15 Nov 2017 05 Sep 2017 $1,000 $0.00 25 Nov 2017
Viewing S45 Withholding Tax GIRO Deduction
Details
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View History Deduction Plan
Viewing S45 Withholding Tax GIRO Deduction
DetailsView History Deduction Plan
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View Submission Status of Certificate
of Residence by Non-Resident Payees
Applicable: When you claim for Double
Taxation Relief (DTR) in your
withholding tax submission
Viewing Submission Status of Certificate of
Residence
Viewing Submission Status of Certificate of
Residence
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Viewing Submission Status of Certificate of
Residence
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Viewing Submission Status of Certificate of
Residence
Note:
• Only current + 2 back
years of COR records
are shown
•The maximum no. of
COR that can be
retrieved at View
Submission Status page
is 250 records.
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Viewing Submission Status of Certificate of
Residence
S/N COR Submission
Status
Definition
1 COR RECEIVED COR has been received by IRAS
2 NOT REQD COR submission is not required
3 PENDING COR not received by IRAS yet
4 UNDER REVIEW COR is currently under officers’ review and
update
5 DISALLOWED COR not submitted by due date, DTR claim
revoked
Definitions of Submission Status
Frequently Asked Questions
List of Nature of Payment
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Which form to file?
File Form IR37 with the following payments
Nature of Payment Domestic Tax Rate
Interest 15%
Royalty 10%
Rental of movable property 15%
� The reduced rates (10%/15%) apply to payments made to non-residents which:
� are not derived by the non-residents from any trade, business, profession or
vocation carried on in Singapore; and
� are not effectively connected with any permanent establishment of the non-
residents in Singapore.
� Otherwise, prevailing corporate tax rate will apply for non-resident companies.
Which form to file?
File Form IR37 with the following payments
Nature of Payment Domestic Tax Rate
Management Fee Prevailing Corporate tax rate
Director’s Fee Prevailing non-resident tax rate
Directors Remuneration Prevailing non-resident tax rate
Technical Assistance Fee Prevailing Corporate tax rate
Charter Fee 2%
Real Estate Investment Trust (REIT)17%
(10% during 18 Feb 2005 to 31 Mar 2015)
Payment for junket promoter 3%
Fee paid under Supplementary
Retirement Scheme (SRS)Prevailing non-resident tax rate
Form IR37C for payment to non-resident
professional (NRP)
- Withhold tax at 15% of the gross income
- Withhold tax on net income at prevailing non-
resident rate, currently at 22%
Which form to file?
Form IR37D for payment to non-resident public
entertainer
- Withhold tax at 10% for income due and payable to
the non-resident public entertainer during the
period 22 Feb 2010 to 31 Mar 2020
Which form to file?
How to compute Withholding tax if it is borne by
payer?Example – Payment for services rendered in year 2017
Amount billed by payee - $10,000
Amount paid to payee - $10,000
Taxable Income - $10,000
Re-gross taxable income - $12,048.19
(Gross Income/ [100%-applicable tax rate]) = $10,000/83%
Tax Rate – 17%
Tax Amount - $2,048.19
($12,048.19 * 17%)
When to file & pay?
File and pay to IRAS by 15th of the 2nd month from
the date of payment to the non-resident
When you are on GIRO and you e-file your
submission by the due date, payment will be
deducted by GIRO on the 25th of the month that
the tax is due.
What if my payment to payee is in foreign
currency?
Withholding tax declaration needs to be in
Singapore dollar equivalent (S$)
If payment to payee is not made in S$, use the
exchange rate prevailing as at the date of
payment to payee
What is considered the date of payment to payee?
It is the earliest of :
� Date the payment is due and payable, based
on the agreement or contract. Date of
invoice, if there is no agreement or contract
� Date the payment is credited to the account
of the non-resident or to an account
designated by the non-resident
� Date of actual payment
Quiz: When must you file & pay?
April May June
Date of Payment:
04 April 2017
File and pay to
IRAS by 15 June
2017
Questions & Answer
Thank You
The information presented in the slides aims to provide a better general
understanding of taxpayers’ tax obligations and is not intended to comprehensively
address all possible tax issues that may arise. This information is correct as at
16032017. While every effort has been made to ensure that this information is
consistent with existing law and practice, should there be any changes, IRAS
reserves the right to vary its position accordingly.
© 2016 Inland Revenue Authority of Singapore. All rights reserved.
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