Late filings by 12,000 employers disrupt worker tax assessments - News Summed Up

Late filings by 12,000 employers disrupt worker tax assessments


The disruption directly impacted workers who rely on accurate employer submissions to avoid manual declarations and potential tax errors.Enforcement has intensified. Most fined employers came from the food and beverage, wholesale trade and construction sectors — industries with large frontline and shift-based workforces.IRAS has reminded all AIS employers to submit employee income information by 1 March. About 11,000 new employers joined in 2026, bringing the total base to 123,000. Submitting inaccurate information can trigger penalties of up to double the tax undercharged. Employers are encouraged to voluntarily disclose past errors for reduced penalties.For HR and payroll teams, timely and accurate submissions are now critical to protecting employees from tax complications and avoiding regulatory risk.>


Source: Economic Times February 03, 2026 14:31 UTC



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