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Learn At Lunch: Are You Complying to Income Reporting & CPF Contributions Requirements

Event Code: LAL201902 CPE Hours: 1
Event Start Date: February 14, 2019 Event End Date: February 14, 2019
Time: 12.00 PM - 12.30 PM for Lunch. 12.30 PM - 1.30 PM for the Talk Registration Deadline: February 12, 2019
Venue : TBA
Lunch Provided: Yes Tea Break: No
Event Overview:

Synopsis

It has been increasingly important for companies as an employer to be conversant of the compliance requirements in the income reporting of the employees’ remuneration in the Form IR8A as well as contributions to the CPF Board.

The Inland Revenue Authority of Singapore (IRAS) is actively conducting the audit on employer’s reporting compliance to assist employer’s in the correct reporting of the employee’s remuneration. The CPF Board has also increased its audit on employers to check on employers contributions.

Where lapses in compliance are discovered by the 2 regulators, heavy penalties and fines maybe imposed and even prosecution of the responsible officers. Non-compliance by an employer in these 2 areas can lead to very heavy penalties for the company and may include a term of imprisonment.

This talk will raise the level of awareness and knowledge on the risk of non-compliance in both income reporting and CPF contributions and the impact of non-compliance.

About the Speaker

Ms. Wu Soo Mee
Executive Director, People Tax Advisory
BDO Tax Advisory Pte Ltd

Soo Mee joined BDO in July 2018 and previously was a partner with the People Advisory Services of a top-four accounting firm, specializing in all aspects of employer’s and employee’s tax and pension related issues. Soo Mee has more than 37 years of experience in Singapore personal taxation, including providing employee tax consulting and compliance services to a wide variety of clients from diverse industries.

Soo Mee, as a partner in her previous firm, had served as advisor to companies on expatriate tax management and control programs and had been in the role as the Asia-Pacific region central coordinator to the regional human resource headquarters of multinational companies based in Singapore.

Soo Mee’s expertise covers the structuring of complex employment arrangements and compensation packages, including long-term incentive schemes and pension plans. She has vast specialized experience in handling IRAS’ audit on company’s reporting of remuneration as well as on individual taxpayer income. She also assisted in tax remediation to the IRAS made under the voluntary disclosure program for both individual and multinational corporate employers. Her advisory expertise also covers Central Provident Fund (“CPF”) related matters, with wide experience of representing corporate clients before the CPF Board to resolve and remediate CPF elated issues. Soo Mee has frequently engaged with both the IRAS and the CPF Board to obtain rulings for clients on both tax and CPF positions on complex income items.

She was a regular speaker and trainer at seminars and workshops on employee tax-related subjects organized by her firm and is also frequently invited to speak at external seminars and conferences.

Fees:

Fees: S$20 for members and S$40 for non-members (light lunch will be included)

You can utilise the training credits which will expire on 31 May 2019 for this event. Please contact events@iia.org.sg to verify the availability of your training credits.


Payment by PayNow transfer

Make the payment of your registration fees via PayNow transfer by following the steps below:

1. Upon completing your registration, proceed to payment and select the “Cheque/Fund Transfer” option.
2. Login to Internet Banking or Mobile Banking.
3. Scan our corporate PayNow QR code.
4. Verify our UEN number (S76SS0058D) and release funds. 
    NOTE: Kindly include your name and/or membership ID under the UEN/Bill Reference Number (text limit of up to 25 characters).
5. Once payment is made, please print screen the transaction and email to events@iia.org.sg for our tracking purposes.

Click here for more information on PayNow.


Terms and Conditions:

1. Only online registrations are accepted. All registrations must "Proceed to Payment" to complete registration. You will be able to select GIRO/Cheque option for company invoice/e-invoice OR credit card payment. Please select payment mode and submit registration. Upon completion of successful registration, you should receive an auto-generated registration confirmation via email.
2. A reminder to event will be sent 1 day prior commencement date.
3. Registration is on a first-come-first-served-basis.
4. IIA Singapore reserves the right to revise the programme as necessary.
5. IIA Singapore reserves the right to publish or use for any other purpose whatsoever deemed appropriate, for all images taken by the official photographer(s) during the event.

PLEASE NOTE:
A system generated email will be sent upon successful registration of the above mentioned event. If you do not receive the email notification, please call IIA Singapore at 6324 9029.


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