Briefing on Changes to tax treatment of various Benefits-in-kind
   
 
Date: Mon, 28 Jan 2008
Time: 3.00pm – 5.00pm
Venue: Level 5, Grand Ballroom Furama City Centre (next to Apollo Centre)
Fee:
SNEF Members – Free
Non-Members - $53.50 per participant (inclusive 7% GST)


 
Programme Introduction




1. Inland Revenue Authority of Singapore (IRAS) has decided to extend the scope of concessions to various benefits-in-kind. For the benefit of employees, the changes will take effect from the Year of Assessment 2008 (i.e. benefits given out from 2007). Some of the exemptions include:

(a) Benefits that are not taxable:

* Premiums paid by employers for group medical insurance regardless of who the named beneficiary is
* Private benefits, including reimbursement of car park charges and petrol, derived by drivers of commercial vehicles that are owned by the employers
* Transport allowance given on a per-trip basis for travel

(b) Benefits that are not taxable if they do not exceed the threshold of $200:

* Awards for passing exams / service excellence (cash/ non-cash)
* Gifts (cash / non-cash) for special occasions / festive season
* Retirement / Long Service award (non-cash)

The submission to IRAS is stipulated on 1 Mar 2008.

2. Singapore National Employers Federation (SNEF) together with SBF is organizing a briefing on the key changes in the policy. All members are encouraged to attend, as you will receive up-to-date information and have the opportunity to seek clarification at the Q & A session following the presentation.








Programme Details



3.00pm Registration (Coffee & tea will be served)
3.30pm Presentation on Changes to IRAS Tax Treatment of Various Benefits-in-Kind
By Ms Tan Shet Ni
Tax Specialist, Ruling and Compliance Branch – Individual Income Tax Division
Inland Revenue Authority of Singapore (IRAS)
3.50pm Q & A Session
Chaired by Mr Koh Juan Kiat
Executive Director, SNEF & SBF
5.00pm End

------------------------------------------------------------------------------------------------------ Programme is correct at time of print
 
   

Administrative Details

[ ] SNEF Members – Free
[ ] Non-Members - $53.50 per participant (inclusive 7% GST)

1. Please fax registration form to reserve a seat. Registration is on a first-come, first-served basis.

2. Admission shall be allowed only upon presentation of confirmation from SNEF (i.e. confirmation stamp on the registration form).

3. For more information, please contact us at 6827-6955 or email: mrevent@snef.org.sg.

4. Please download the fax form for registration. Click here 		 
   


 
     
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