2022 income tax return filing programme issued

2022 income tax return filing programme issued

The IRB has published on its website the 2022 income tax return filing programme (2022 filing programme) titled “Return Form (RF) Filing Programme For The Year 2022”, dated 30 December 2021. The 2022 filing programme is broadly similar in concept to the position laid out in the original 2022 filing programme (see Tax Alert No. 1/2021), prior to the extended grace periods given due to the COVID-19 pandemic. Where a grace period is given, submissions shall be deemed to have been received by the stipulated due date if received within the grace period. The grace period also applies to the settlement of the balance of tax payable under Section 103(1) of the ITA. Where the ITRF or balance of tax payable is not furnished within the grace period, the original due date will be used for the purpose of calculating penalties (note that all references to “due date” in the table below refer to the original due date).

Some of the key updates to the 2022 filing programme are as follows:

• The 2022 filing programme stipulates the due date for the submission of the RF (i.e., Form BT / e-BT) for resident individuals who are non-citizen workers holding key positions
• The 2022 filing programme stipulates that the Form E and C.P.8D [i.e., Statement of Remuneration from Employment for the Year ending 31 December 2021 and Particulars of Tax Deduction under the Income Tax Rules (Deduction from Remuneration) 1994] must contain all the particulars of employees (including full-time, part-time or contract employees and interns) and individuals who are responsible for or engaged in the management of the organization (including company directors, co-operative society’s board members, association’s controlling members and partners of LLPs)

Summary of the 2022 Filing Programme