Skip to main content

Income Tax Processing Singapore: Add the bonus paid in the following year to the current income tax

How to include the bonus paid in the following year in the current IR8A?

Updated over 2 weeks ago

You need to set the correct declaration date in your payroll module first, followed by setting the correct tax parameters in the income tax module. Please follow the steps below to do this:

Declare Date

  1. Go to the Payroll module, Pay Records, and select the period and year.

  2. Double-click the employees, then double-click the Bonus pay element.

  3. Ensure the Declare Date is set as the tax year declaration.

Tax parameters

  1. Go to the Income Tax module, then click Process.

  2. Click Income Tax and click Proceed From Step 1.

  3. Click Edit and enable the option To include Following Years Pay element Declared in Current Year Until Period (eg. you may choose 1 if you are paying the bonus in January).

  4. Click Next to continue.

Related Articles
Income Tax Processing Singapore: Process Income Tax Singapore
Income Tax Processing Singapore: Map pay element
Income Tax Processing Singapore: Edit gross salary in the IR8A
Income Tax Processing Singapore: Add director fees paid outside the payroll system into the IR8A
Income Tax Processing Singapore: Process terminated employee's A8A in the Income Tax module
Did this answer your question?