Great news! Now you can submit Appendix 8B with just a click of a button!
Auto-Inclusion Scheme (AIS)
To ensure you can use this feature to submit Appendix 8B easily, you have to be under AIS. If you are not under AIS, you can simply apply for AIS accordingly.
NOTE: AIS Applications for the current year is closed as the application period ends on 31 Dec of the previous year. You can start applying for AIS now, however it will be for the following year's submission instead. 👍
Submitting Appendix 8B directly to IRAS
To submit Appendix 8B to IRAS, you can refer to the guide below or follow these steps:
1. Head over to Payroll > Payroll Settings > Appendix 8B. Choose your Year of Assessment (YA) and click on "Generate Appendix 8B for ... " option that appears.
2. Double check the Eligibility when generating Appendix 8B for your employees (refer to "Eligible" column). If Eligibility is indicating "NO" (in red row), do head back to the specific employee's IR8A form to manually enter Employee Stock Option (ESOP) amount in D8 field.
4. Update your Employer Info and double check all the Appendix 8B forms to ensure that everything is in place.
5. Once that is done, click on View Overall Report > Validate files > Submit to IRAS.
Checking Your Submission Status
IRAS will get back instantaneously with an acknowledgement email to the authorised person and contact that is updated in myTaxPortal.
You can also check your status over at myTaxPortal and find the status update under:
Employers > Auto-Inclusion Scheme (AIS) > Submit Employment Records
Click on "BEGIN AIS SUBMISSION"
The record will be found at the bottom half of the page.
After generating and submission of Appendix 8B, you can now choose to publish individual tax forms to employees via email.
Have a great tax submission season! 😎