Great news! Now you can submit Appendix 8B with just a click of a button!
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 over here: https://www.iras.gov.sg/irashome/Businesses/Employers/Auto-Inclusion-Scheme--AIS--for-Employment-Income/.
(Please note that AIS submission for current year is closed as it ended 31 Dec of the previous year. If you apply for AIS now, it will be for the following year's submission.)
How to submit 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 ... ", where "..." is your YA.
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", followed by "Validate files" > "Submit to IRAS".
IRAS will get back instantaneously with an acknowledgement email to the authorised person and contact that is updated in myTaxPortal.
Have a great tax submission season! 😎