IRAS issued SEP income reporting guide, effective from YA 2024.
The Inland Revenue Authority of Singapore (IRAS) issued a new e-Tax Guide, Submission of Income Information by Commission-Paying Organisations, on 17 October 2025.
The guide explains the requirements under Section 68A of the Income Tax Act 1947 and provides guidance on how commission-paying organisations should collect and submit identification and income information of self-employed commission agents (SEPs) to IRAS.
It sets out the responsibilities of organisations that have been notified by IRAS to collect, retain, and submit this information. The legislative basis for these obligations comes from the Income Tax Act (ITA) and applies from the Year of Assessment 2024 for organisations that have received written notices from IRAS.
The main objective is to simplify tax filing for SEPs by allowing their income tax returns to be pre-filled with the submitted information. This can also help eligible SEPs benefit from the No-Filing Service (NFS). The guide specifies the types of income and identification information that must be submitted and outlines exclusions, such as certain payments and non-individual agents.
Implementation will be phased, starting with organisations that pay 20 or more agents, with an annual submission deadline of 1 March.
